Use the Following Information for Questions Oskar Corp

question 141

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, 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

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