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Below are Madrid.s transactions for the third quarter: Payment of quick response insurance premium...

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Accounting

Below are Madrid.s transactions for the third quarter: Payment of quick response insurance premium for calendar year (payment was made during the 1st quarter)- P400,000 Loss from earthquake- P980,000 Writedown of inventories (loss in P/L)- P720,000 How much is the total expense for the third quarter?

please explain properly

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