Toby Toy Store Has Noticed the Following Items That Need

question 83

Multiple Choice

Toby Toy Store has noticed the following items that need to be considered for its income statement for the year ended December 31,2019: • Commissions of $3,000 for salespeople who made sales in December will be paid January 3,2020.
• The phone bill of $400 for December was received and will be paid January 20,2020.
• The store rent of $2,000 for January 2020 was paid on December 28,2019.
• At the beginning of November,Toby paid $1,500 for advertising in a monthly magazine that is distributed in November and December of 2019,and January of 2020.
What is the proper amount of expenses to be included in the income statement for the year?

• A)$4,400.
• B)$6,900.
• C)$6,400.
• D)$5,900.

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Definitions:

Delta Connected

A three-phase connection method where the end of each coil connects to the beginning of another, forming a closed loop that resembles the Greek letter Delta (Δ).

Phase Voltage

The voltage measured across a single component in a polyphase system, representing one phase of the system.

Line Voltage

The voltage measured across any two phase wires in a multi-phase electrical system.

Wye-Connected

A method of connecting three-phase motors and generators where the end of each of the three coils is connected to form a 'Y' shape, also known as a star connection.