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Use the Following Information for the Following Questions One-Half of the Rented Premises Is Occupied by the Sales

Question 124

Multiple Choice

Use the following information for the following questions. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2020, included the following expense accounts:
 Accounting and legal fees......................... $120,000Advertising............................................... 150,000 Freight-out............................................... 75,000 Interest.................................................... 60,000 Loss on sale of long-term investments......... 30,000Officers’ salaries.......................................... 180,000 Rent for office space................................... 160,000 Sales salaries and commissions................... 110,000 \begin{array}{llcc} \text { Accounting and legal fees......................... } & \$120,000 \\ \text {Advertising............................................... } &150,000\\ \text { Freight-out............................................... } &75,000\\ \text { Interest.................................................... } &60,000\\ \text { Loss on sale of long-term investments......... } &30,000\\ \text {Officers' salaries.......................................... } &180,000\\ \text { Rent for office space................................... } &160,000\\ \text { Sales salaries and commissions................... } &110,000\\ \text { } &\\\end{array}
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 selling expenses for 2020?


A) $260,000
B) $335,000
C) $340,000
D) $415,000

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