Use the Following Information for Questions

question 12

Multiple Choice

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

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Definitions:

Controlling

A management function focused on monitoring performance and taking corrective action to ensure achievement of organizational goals.

Allocating Resources

The process of distributing available assets, including time, money, and manpower, among various projects or departments to achieve organizational goals efficiently.

Performance Measurement

The process of evaluating the efficiency and effectiveness of actions or operations within an organization.

Valuation

The process of determining the current worth of an asset or a company.