Toby Toy Store Has Noticed the Following Items That Need

question 98

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, 2016: • Commissions of $3,000 for salespeople who made sales in December will be paid January 3, 2017.
• The phone bill of $400 for December was received and will be paid January 20, 2017.
• The store rent of $2,000 for January, 2017 was paid on December 28, 2016.
• At the beginning of November, Toby paid $1,500 for advertising in a monthly magazine that is distributed in November and December of 2016, and January of 2017.
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.

---

Definitions:

Bodily Functions

Physiological activities of the body necessary for sustaining life, such as digestion, respiration, and reproduction.

Physical Function

A person's ability to perform tasks and activities that require physical effort, reflecting the overall state of physical health and wellness.

Intertwining Needs

The concept that human needs and desires are complexly interwoven, affecting each other in various ways rather than existing as separate and distinct elements.

Different Stages

Distinct phases or periods in a process, development, or series of events, each characterized by its own set of conditions or features.