On January 15, 2020, Link Corp. paid $ 480,000 in property taxes on its factory building for the calendar year 2020. In the first week of April 2020, the corporation made unanticipated repairs to its plant equipment at a cost of $ 1,200,000. How should these expenses be reflected in Link's quarterly income statements? $\quad $ $\quad $ $\quad $ $\quad $ $\quad $$\text { Three Months Ended }$
$\quad \quad 3 / 31 / 20 \quad 6 / 30 / 20 \quad 9 / 30 / 20 \quad 12 / 31 / 20$

Question

On January 15, 2020, Link Corp. paid $ 480,000 in property taxes on its factory building for the calendar year 2020. In the first week of April 2020, the corporation made unanticipated repairs to its plant equipment at a cost of $ 1,200,000. How should these expenses be reflected in Link's quarterly income statements?  $\quad $ $\quad $ $\quad $ $\quad $ $\quad $$\text { Three Months Ended }$
$\quad \quad 3 / 31 / 20 \quad 6 / 30 / 20 \quad 9 / 30 / 20 \quad 12 / 31 / 20$

Quizplus · Accepted Answer

The Answer of On January 15, 2020, Link Corp. paid $ 480,000 in property taxes on its factory building for the calendar year 2020. In the first week of April 2020, the corporation made unanticipated repairs to its plant equipment at a cost of $ 1,200,000. How should these expenses be reflected in Link's quarterly income statements?  $\quad $ $\quad $ $\quad $ $\quad $ $\quad $$\text { Three Months Ended }$
$\quad \quad 3 / 31 / 20 \quad 6 / 30 / 20 \quad 9 / 30 / 20 \quad 12 / 31 / 20$

On January 15, 2020, Link Corp \quad \quad \quad

On January 15, 2020, Link Corp $\quad$ $\quad$ $\quad$