On March 15,20X9,Clarion Company Paid Property Taxes of $60,000 on Its

question 11

Multiple Choice

On March 15,20X9,Clarion Company paid property taxes of $60,000 on its factory building for calendar year 20X9.On July 1,20X9,Clarion made $40,000 in unanticipated repairs to its machinery.The repairs will benefit operations for the remainder of the calendar year.What total amount of these expenses should be included in Clarion's quarterly income statement for the three months ended September 30,20X9?

• A)$55,000
• B)$15,000
• C)$35,000
• D)$40,000

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