In January 2019, Dumdum Inc. paid property taxes on its factory building for the calendar year 2019 in the amount of P27,000. In the first week of April 2019, Dumdum made an advertising campaign and paid P60,000. These advertisements are expected to benefit operations for the remainder of the calendar year. How much of these expenses be reflected in the 1st, 2nd, 3rd and 4th quarterly interim reports?
In January 2019, Dumdum Inc. paid property taxes on its factory building for the calendar year 2019 in the amount of P27,000. In the first week of April 2019, Dumdum made an advertising campaign and paid P60,000. These advertisements are expected to benefit operations for the remainder of the calendar year. How much of these expenses be reflected in the 1st, 2nd, 3rd and 4th quarterly interim reports?
Chapter3: Social Security Taxes
Section: Chapter Questions
Problem 13PB
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Question
In January 2019, Dumdum Inc. paid property taxes on its factory building for the calendar
year 2019 in the amount of P27,000. In the first week of April 2019, Dumdum made an advertising
campaign and paid P60,000. These advertisements are expected to benefit operations for the
remainder of the calendar year. How much of these expenses be reflected in the 1st, 2nd, 3rd
and 4th quarterly interim reports?
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