Use the Following Information for the Following Questions One-Half of the Rented Premises Is Occupied by the Sales

question 124

Multiple Choice

Use the following information for the following questions. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2020, included the following expense accounts:
$\begin{array}{llcc} \text { Accounting and legal fees......................... } & \$120,000 \\ \text {Advertising............................................... } &150,000\\ \text { Freight-out............................................... } &75,000\\ \text { Interest.................................................... } &60,000\\ \text { Loss on sale of long-term investments......... } &30,000\\ \text {Officers' salaries.......................................... } &180,000\\ \text { Rent for office space................................... } &160,000\\ \text { Sales salaries and commissions................... } &110,000\\ \text { } &\\\end{array}$
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 selling expenses for 2020?

• A) $260,000
• B) $335,000
• C) $340,000
• D) $415,000

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Definitions:

Convection

Transfer of heat in liquids or gases by movement of the heated particles.

Infrared Radiation

A type of electromagnetic radiation with wavelengths longer than those of visible light, experienced as heat.

Sweating

The process by which the body releases moisture through pores in the skin to cool itself, often in response to heat or exertion.

Postabsorptive State

State following the absorptive state; blood glucose levels are maintained because of the conversion of other molecules to glucose.