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Use the Following Information for Questions Oskar Corp

Question 141

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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, 2014, included the following expense accounts: 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, 2014, included the following expense accounts:   One-half of the rented premises is occupied by the sales department. -The following items were among those reported on Ernie Ltd.'s income statement for the year ended December 31, 2014:   The office space is used equally by Ernie's sales and accounting departments.What amount should be classified as general and administrative expenses in Ernie's multiple-step income statement for 2014? A) $117,500 B) $217,500 C) $335,000 D) $465,500 One-half of the rented premises is occupied by the sales department.
-The following items were among those reported on Ernie Ltd.'s income statement for the year ended December 31, 2014: 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, 2014, included the following expense accounts:   One-half of the rented premises is occupied by the sales department. -The following items were among those reported on Ernie Ltd.'s income statement for the year ended December 31, 2014:   The office space is used equally by Ernie's sales and accounting departments.What amount should be classified as general and administrative expenses in Ernie's multiple-step income statement for 2014? A) $117,500 B) $217,500 C) $335,000 D) $465,500 The office space is used equally by Ernie's sales and accounting departments.What amount should be classified as general and administrative expenses in Ernie's multiple-step income statement for 2014?


A) $117,500
B) $217,500
C) $335,000
D) $465,500

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