Baton Company estimates that the amounts for total depreciation expense for the year ending December 31 will be $120,000 and for year-end bonuses to employees will be $200,000. What total amount of expense relating to these two items should Baton report in its quarterly income statement for the three months ended March 31? a.$0 b. $30,000 c. $50,000 d. $80,000
27. Baton Company estimates that the amounts for total
a.$0
b. $30,000
c. $50,000
d. $80,000
28. Rouge Company’s $250,000 net income for the quarter ended September 30 included the following after-tax items:
A $20,000 cumulative effect loss resulting from a change in
$0 of the $60,000 annual property taxes paid on February 1.
For the quarter ended September 30, the amount of net income that Rouge should report is
a. $235,000.
b. $250,000.
c. $255,000.
d. $270,000.
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