Perry Corp

question 77

Multiple Choice

Perry 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.How much of the expenses listed above should be included in Perry's general and administrative expenses for 2014?

• A) $820,000.
• B) $880,000.
• C) $940,000.
• D) $1,000,000.