Hope Company operates in the travel industry and incurs costs unevenly through the financial year....
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Accounting
Hope Company operates in the travel industry and incurs costs unevenly through the financial year. Advertising costs of P6,000,000 were incurred on March 12, 2023, and staff bonuses are paid at year-end based on sales. Staff bonuses are expected to be around P15,000,000 for the year; of that sum, P4,000,000 would relate to the period ending March 31, 2023. What amount of advertising costs should be included in the entity's quarterly financial report to March 31, 2023?
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