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In January 2017, Abel Company paid $200,000 in property taxes on its plant for the calendar year 2017. Also in January 2017, Abel estimated that
In January 2017, Abel Company paid $200,000 in property taxes on its plant for the calendar year 2017. Also in January 2017, Abel estimated that its year-end bonuses to executives for 2017 would be $800,000. What is the amount of expenses related to these two items that should be reflected in Abel's quarterly income statement for the three months ended June 30, 2017 (second quarter)? O a.$ 50,000 O b.s-0- O c. $250,000 O d. $200,000
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