What is the total amount to be present as noncurrent assets

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Asakura Company presented the following items in its December 31, 2023 Statement of Financial Position: Cash in bank (including P200,000 unrestricted compensating balance and P1,000,000 sinking fund for the payment of bonds payable) P5,000,000 Accounts receivable (including P200,000 worth of receivables normally due 12 months to 15 months) 2,000,000 Notes receivables (net of Notes receivables discounted with recourse, P100,000) 3,000,000 Inventory (not including goods held by salesmen, selling price of P150,000 at 50% mark-up based on cost) 4,000,000 Financial assets at fair value (P500,000 classified as Financial asset at fair value through Other Comprehensive Income) 800,000 Investment in associate 1,500,000 Land held for speculation 500,000 Property, plant and equipment (including P2,000,000 biological assets) 7,000,000 Intangible assets (including P150,000 initial operating losses) 3,150,000 Accounts payable (net of P200,000 debit balances) 1,300,000 Bonds payable (due March 31, 2024) 1,200,000. What is the total amount to be presented as Current Assets in the 2023 Statement of Financial Position? Get the instant assignment help. What is the total amount to be presented as Noncurrent Assets in the 2023 Statement of Financial Position?

Reference no: EM133920090

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