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How much is the total expense for the third quarter

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Reference no: EM133131152

Question - 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

Write down of inventories (loss in P/L) - P720,000

How much is the total expense for the third quarter?

Reference no: EM133131152

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