16. Wave, Inc. follows IFRS for its external financial reporting. The statement of cash flows reports changes in cash and cash equivalents. Which of the following is not considered cash or a cash equivalent under IFRS? A) Coin. B) Bank overdrafts. C) Commercial paper. D) Accounts receivable. 17. Mayo Corp. has estimated that total depreciation expense for the year ending December 31, 2018 will amount to $600,000, and that 2018 year-end bonuses to employees will total $1 ,200,000. In Mayo's im income statement for the six months ended June 30, 2018, what is the total amount of expense relating to these two items that should be reported? A) SO. B) S300,000. C) $900,000. D) $1,800,000. 18. Fina Corp. had the following transactions during the quarter ended March 31, 2018: Payment of fire insurance premium for calendar year 2018 What amount should be included in Fina's income statement for the quarter ended March 31, 2018? A) S -0 B) $200,000 C) $400,000 D) $800,000 800,000 19. Advertising costs may be accrued or deferred to provide an appropriate expense in each period for Year-end Financial Reporting Interim Yes Yes No No No A) B) C) D) 0 Yes No Yes