Perry Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2014, included the following expense accounts: One-half of the rented premises is occupied by the sales department.How much of the expenses listed above should be included in Perry's selling expenses for 2014?
A) $510,000.
B) $660,000.
C) $690,000.
D) $840,000.

Question

Perry Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2014, included the following expense accounts:  One-half of the rented premises is occupied by the sales department.How much of the expenses listed above should be included in Perry's selling expenses for 2014?
A) $510,000. 
B) $660,000. 
C) $690,000. 
D) $840,000.

Quizplus · Accepted Answer

The Answer of Perry Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2014, included the following expense accounts:  One-half of the rented premises is occupied by the sales department.How much of the expenses listed above should be included in Perry's selling expenses for 2014?
A) $510,000. 
B) $660,000. 
C) $690,000. 
D) $840,000.