Brock Corporation reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2021, included the following expense and loss accounts: Accounting and legal fees Advertising Freight out Interest 120,000 150,000 80,000 70,000 30,000 Loss on sale of long term investment Officers' salaries Rent for office space Sales salaries and commissions 225,000 220,000 140,000 One-half of the rented premises is occupied by the sales department. Brock's total selling expenses for 2021 are A. 480,000 B. 400,000 C. 370,000 D. 360,000
Brock Corporation reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2021, included the following expense and loss accounts: Accounting and legal fees Advertising Freight out Interest 120,000 150,000 80,000 70,000 30,000 Loss on sale of long term investment Officers' salaries Rent for office space Sales salaries and commissions 225,000 220,000 140,000 One-half of the rented premises is occupied by the sales department. Brock's total selling expenses for 2021 are A. 480,000 B. 400,000 C. 370,000 D. 360,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Brock Corporation reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted
trial balance at December 31, 2021, included the following expense and loss accounts:
Accounting and legal fees
Advertising
Freight out
120,000
150,000
80,000
70,000
30,000
Interest
Loss on sale of long term investment
Officers' salaries
225,000
220,000
Rent for office space
Sales salaries and commissions
140,000
One-half of the rented premises is occupied by the sales department. Brock's total selling expenses for 2021 are
A. 480,000
B. 400,000
C. 370,000
D. 360,000
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