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What amount should be included in quarterly financial report

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Problem 1: South Lore Co. operates in the travel industry and incurs costs UNEVENLY throughout the yr. Advertising costs of 2,000,000 were incurred on 3/01/2013 and staff bonuses are paid at yr. End based on sales. Staff bonuses are expected to be around 20,000,000 for the yr. Of that sum, 3,000,000 would relate to the period ending 3/31/2013. What amount should be included in the quarterly financial report ending 3/31/2013?

Reference no: EM132744506

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