showing the manner in which the above liabilities should be presented at

Showing the manner in which the above liabilities

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Prepare a partial statement of financial position for Copper Corp., showing the manner in which the above liabilities should be presented at December 31, 2014 under IFRS. The liabilities should be properly classified between current and long-term.
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Solution 13-82 Current liabilities: Dividends payable on common shares .......................................... $ 100,000 Notes payable—Manitoba Bank .................................................... 850,000 Note payable—Ontario Bank—Note 1 ........................................... 200,000 Currently maturing portion of serial bonds ..................................... 500,000 Total current liabilities .............................................................. $1,650,000 Long-term debt: Serial bonds not maturing currently ............................................... 1,500,000 Total long-term debt ................................................................ 1,500,000 Total liabilities ....................................................................................... $3,150,000
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