The following information has been provided by Hable Company: Advertising expense $9,900;
Interest expense $3,700;
Rent expense $12,000;
Loss on sale of property and equipment $5,700;
Cost of goods sold $21,300;
Depreciation expense $7,100;
Prepaid insurance expense $1,000.
How much were Hable's operating expenses?
A) $50,300.
B) $54,000.
C)$59,700.
D)$43,200.

Question

Quizplus · Accepted Answer

Operating expenses include advertising, rent, depreciation, and prepaid insurance expenses. Adding these: $9,900 + $12,000 + $7,100 + $1,000 = $30,000. Interest expense and loss on sale are not operating expenses.

The Following Information Has Been Provided by Hable Company: Advertising