A Co has the following year end balances as at 31.12.X8. What is the total of the non-current liabilities on the statement of financial position as at 31.12.X8? A $500 B $1,000 C $1,680 D $1,930
Because the preference share capital is redeemable, it is classified as a liability in accordance with IAS 32. The bank overdraft and tax payable are current liabilities. Ordinary share capital is equity.
