Use the Following Information for Questions Oskar Corp

question 345

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

• A)$380,000
• B)$410,000
• C)$440,000
• D)$470,000

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Definitions:

Type II Error

The error made when failing to reject a false null hypothesis, often referred to as a "false negative".

Null Hypothesis

A statement used in statistical testing which proposes that no significant difference or effect exists between certain characteristics of a population.

Type I Error

The error of rejecting a true null hypothesis, also known as a "false positive."

Null Hypothesis

An assertion or proposition in statistics that indicates no significant difference or effect, serving as the default assumption to test against.