Question
Below are Madrid.s transactions for the third quarter: Payment of quick response insurance premium for calendar year (payment was made during the 1st quarter)- P400,000
Below are Madrid.s transactions for the third quarter: Payment of quick response insurance premium for calendar year (payment was made during the 1st quarter)- P400,000 Loss from earthquake- P980,000 Writedown of inventories (loss in P/L)- P720,000 How much is the total expense for the third quarter?
please explain properly
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Investments Analysis And Management
Authors: Charles P. Jones, Gerald R. Jensen
14th Edition
1119578078, 978-1119578079
