Meyer Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2008, 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 Meyer's general and administrative expenses for 2008?
A) $410,000
B) $440,000
C) $470,000
D) $500,000

Question

Meyer Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2008, 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 Meyer's general and administrative expenses for 2008?
A) $410,000 
B) $440,000 
C) $470,000 
D) $500,000

Quizplus · Accepted Answer

$140,000 + $180,000 + $90,000 = $410,000