An analysis of 222Cool Company’s liabilities disclosed the following: accounts payable after deducting debit balances in supplier’s account amounting to P22,500 (accounts payable included non-trade liabilities of P32,500) P105,000;
accrued expenses, P15,000; credit balances in customer’s account P13,500; stock dividend payable, P70,000; claims
for increase in wages and allowances by employee of the company, covered in a pending lawsuit, P125,000; estimated
liabilities for premium, P60,000. How much should be presented as total current liabilities in the statement of financial
position?
a. 6,000
b. 168,500
c. 183,500
d. 216,000