A. P4,550,000B. P4,700,000C. P5,450,000D. P5,600,000E. answer not given The adjusted trial balance of ABC Co. included the followingexpenses for 2020:Accounting and legal feesAdvertisingDoubtful accounts1,450,0001,500,000150,000125,000750,00050,000600,000300,0002,250,000250,0001,800,0001,000,0001,400,000Freight inFreight outInsuranceInterest expenseLoss on sale of equipmentOfficers' salariesProperty taxesRent for office spaceResearch and development expenseSales salaries and commissionsHalf of the rented premises is occupied by the sales department.How much should be reported as distribution costs for 2020?

Name: A. P4,550,000B. P4,700,000C. P5,450,000D. P5,600,000E. answer not give
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Description: A. P4,550,000B. P4,700,000C. P5,450,000D. P5,600,000E. answer not given The adjusted trial balance of ABC Co. included the followingexpenses for 2020:Accounting and legal feesAdvertisingDoubtful accounts1,450,0001,500,000150,000125,000750,00050,00060

Answered: Half of the rented premises is occupied…

Business

Accounting

Half of the rented premises is occupied by the sales department. How much should be reported as distribution costs for 2020?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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