Mason Corp

question 49

Multiple Choice

Mason Corp. has estimated that total depreciation expense for the 2020 calendar year will be $ 240,000, and that 2020 year-end bonuses to employees will be $ 480,000. In Mason's interim income statement for the six months ended June 30, 2020, what total expense relating to these two items should be reported?

• A) $ 0
• B) $ 120,000
• C) $ 360,000
• D) $ 720,000

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Definitions:

Deodorant

A substance applied to the body to prevent or mask body odor due to bacterial breakdown of perspiration.

Transducer

A device that transforms power from one system to another in the same or different form.

Power

The ability or capacity to do something or act in a particular way; often refers to the amount of control one has over circumstances or other entities.

Planes

A flat or relatively smooth surface; points of reference by which positions or parts of the body are indicated.