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How should these expenses be reflected in abc quarterly

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Question - In January 2021, ABC Inc. paid property taxes on its factory building for the calendar year 2021 in the amount of P100,000. In the first week of July 2021, ABC made advertising campaign and paid P100,000. These advertisements are expected to benefit operations for the remainder of the calendar year. How should these expenses be reflected in ABC's quarterly interim financial reports?

Reference no: EM133151958

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