What is the total amount of expense

Assignment Help Accounting Basics
Reference no: EM133134579

Question - Funes Co. has estimated that total depreciation expense for the year ended December 31, 2022 will amount to P2,050,000, and that the 2022 year-end bonuses to employees will total P2,100,000, of this amount, Funes Co. has incurred P600,000 for the first quarter of the year. In Funes Co.'s interim income statement for three months ending on March 31, 2022, what is the total amount of expense relating to these two items that should be reported?

Reference no: EM133134579

Questions Cloud

Define validity and reliability : Define validity and reliability and give an example of each.
Scribe engineering job analysis process : What would be some recruitment and selection outcomes of Scribe Engineering's job analysis process?
What total amount of expense for these items : Total repair expenses for the year were estimated to be P260,000. What total amount of expense for these items was reported in Cuerpo's first quarter 2022
What is the effect of external forces on recruiting : What are the relative advantages and disadvantages of external and internal recruiting. Which do you think is typically most effective?
What is the total amount of expense : In Funes Co.'s interim income statement for three months ending on March 31, 2022, what is the total amount of expense relating to these two items
What do you understand by the term cue stimuli : What do you understand by the term Cue stimuli? What are the implications of retention, response and retention for organisational theory and human behaviour?
Furniture manufacturing organisations : What are the industrial trends and sector profiles linked to common reward packages and levels of business activity relating to the context of reward environmen
How to add research as evidence in academic writing : Topic: How to add Research as Evidence in Academic Writing
What was segment y operating profit : Appropriate common expenses are allocated to segments based on the ratio of segment's sales to total sales. What was Segment Y's operating profit for 2022

Reviews

Write a Review

Accounting Basics Questions & Answers

  How merchandise company account for suit that amy returns

How does the merchandising company account for the suits that Amy returns?Comment on the ethics exhibited by Amy and possible consequences of her actions.

  How much would spencers profit be affected

Spencer Inc. manufactures a product that costs $63. How much would Spencer's profit be affected if it leased the machine and added features to its product?

  When the transition team was formed several team-building

research the case planned change at the san diego county regional airport authority.then answer the following three

  What is the value of ending inventory under variable costing

What is the value of ending inventory under variable costing?$99,000$189,000$90,000$390,000

  Valente company is about to issue 3000000 of 5-year bonds

1.loom inc. has outstanding a 1000 face value bond with a 5 contract interest rate. the bond has 10 years remaining

  What opinion does the independent auditors express

Provide two examples of where historical cost is used within the financial statements. State both the account name and the amount for each account you select.

  What is Breon gross pay for the week

During a weekly pay period, she worked 35 hours in the human resources department and 5 hours at the front desk. What is Breon's gross pay for the week

  Calculate the asset turnover and return on assets

Suppose during 2017 that Federal Express reported the following information (in millions): net sales of $34,700 and net income of $94.

  What is the break-even point in bags

United Snack Company sells 50-pound bags of peanuts to university dormitories for $56 a bag. What is the break-even point in bags

  What steps did alcoa take to try to increase the companys

How much cash did the nonfinancial (that is, nonbank-like) firms in the Standard and Poor's 500 have at the end of 2009? How big an increase in cash did this represent over the prior year?

  Discuss what the organization is doing right

How your supervisor interacts with you (even if only via e-mail) and how it affects your productivity

  Depreciation under the straight line method

The compressor cost $10,000 and is expected to last five years. Assuming that the compressor has a salvage value of $2,500, calculate its 2008 depreciation under the straight line method?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd