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What total amount of expenses

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Q1) Golda Company had the following transactions during the second quarter of 2014:

Loss from typhoon 200,000

Repairs and maintenance cost incurred during April 48,000

Loss on temporary inventory decline 40,000

Unrealized loss from trading securities 100,000

Annual bonuses pain in June 500,000

What total amount of expenses should be included in the statement of comprehensive income for the quarter ended June 30, 2014?

A. 888,000 B. 638,0000 C. 513,000 D. 388,000

Q2) Shaytan Company paid the annual fee of P30,000 for an equipment maintenance contract on July 1, the first day of its second quarter and incurred research costs in the same quarter of P12,000. The research did not prove to be fruitful.

Shaytan should recognized the following expense amount in the second quarter: A. 10,500 B. 11,500 C. 19,500 D. 42,000

Reference no: EM132971165

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