Assume the same facts as in E 4-27, but that Shields Company reports under IFRS. For each expenditure, indicate Interim financial the amount that would be reported in the quarterly income statements for the periods ending March 31, June 30, statements September 30, and December 31.

In E 4-27

Shields Company is preparing its interim report for the second quarter ending June 30. The following payments were made during the first two quarters:

Required:

For each expenditure, indicate the amount that would be reported in the quarterly income statements for the periods ending March 31, June 30, September 30, and December 31.

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Expenditure Date anuary March Amount Annual advertising Property tax for the fiscal year Annual equipment repairs $800,000 350,000 260,000 96.000 February May