4. What total amount of expenses should be reported in the income statement for the 2nd quarter of 2022? * 4. Orange Enterprises had the following transactions: On December 28, 2021, paid property taxes for the next calendar year of P 500,000. • Loss from typhoon on February 14, 2022 amounting to P600,000. • On May 1, 2022, advertising costs were incurred at P300,000. • Sold a machinery with carrying amount of P400,000. The company incurred a loss of P50,000 on its sale on July 1, 2022. O A. 475,000 B. 350,000 C. 425,000 O D. 675,000 O E. None of them

4. What total amount of expenses should be reported in the income statement for the 2nd quarter of 2022? * 4. Orange Enterprises had the following transactions: On December 28, 2021, paid property taxes for the next calendar year of P 500,000. • Loss from typhoon on February 14, 2022 amounting to P600,000. • On May 1, 2022, advertising costs were incurred at P300,000. • Sold a machinery with carrying amount of P400,000. The company incurred a loss of P50,000 on its sale on July 1, 2022. O A. 475,000 B. 350,000 C. 425,000 O D. 675,000 O E. None of them

Name: 4. What total amount of expenses should be reported in the income sta
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Description: 4. What total amount of expenses should be reported in the income statementfor the 2nd quarter of 2022? *4. Orange Enterprises had the following transactions:• On December 28, 2021, paid property taxes for the next calendar year of P500,000.• Loss f

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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