Use the following information for questions.
Oskar Corp.reports operating expenses in two categories: (1)selling and (2)general and administrative.The adjusted trial balance at December 31, 2017, 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 Oskar's general and administrative expenses for 2017?
A)$380,000
B)$410,000
C)$440,000
D)$470,000

Question

Use the following information for questions.
Oskar Corp.reports operating expenses in two categories: (1)selling and (2)general and administrative.The adjusted trial balance at December 31, 2017, 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 Oskar's general and administrative expenses for 2017?
A)$380,000 
B)$410,000 
C)$440,000 
D)$470,000

Quizplus · Accepted Answer

The correct answer is A because the general and administrative expenses for 2017 include the following:- Salaries and wages: $200,000- Rent: $100,000- Utilities: $30,000- Depreciation: $50,000Total: $380,000

Use the Following Information for Questions