Problem #1. Given the following list of reporting items, indicate, with an X, in the chart provided how each item would be shown in the interim financial statements.

Entire amount Allocated equally Allocated equally Not reported

In Quarter of Over Current and All Over All Quarters In Interim

Occurrence Remaining In Fiscal Year Reports

Quarters in Fiscal Year

Example: Depreciation

X

Major repair
Probable Contingent Loss
Planned material variances
Amortization
Insurance
Property Taxes
Unplanned material variances
Revenues
Gain on Sale of Equipment
Annual Bonus paid on June 30
Estimate for Uncollectible Accounts for the year