Classifying loans as non-current liabilities Steps:

• Balance sheet date is 30 June 2021; non-current liabilities are due after 12 months (post-30 June 2022).
• Loan 1 ($5,000) due 1 December 2021: within 12 months, so current.
• Loan 2 ($10,000) due 1 September 2022: after 12 months, so non-current.
• Loan 3 ($8,000) due 1 December 2023: after 12 months, so non-current.
• Loan 4 ($6,000) due 1 December 2025: after 12 months, so non-current.
• Total non-current: $10,000 +$8,000 + $6,000 =$24,000.

Why D is correct:

• D totals $24,000, matching IAS 1's rule for non-current liabilities (obligations due more than 12 months from reporting date).

Why the others are wrong:

• A likely includes Loan 1 ($29,000), misclassifying it as non-current.
• B probably excludes Loan 2 ($14,000), treating it as current despite due date.
• C may exclude Loans 2 and 3 ($6,000), undercounting post-12-month obligations.

Final answer: D