In January 2017, Cain Company Paid $200,000 in Property Taxes

question 43

Multiple Choice

In January 2017, Cain Company paid $200,000 in property taxes on its plant for the calendar year 2017. Also in January 2017, Cain 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 Cain's quarterly income statement for the three months ended June 30, 2017 (second quarter) ?

• A) $ -0-
• B) $250,000
• C) $ 50,000
• D) $200,000

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