Answered: Advertising expense $8,600; Interest…

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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Question

Advertising expense $8,600;
Interest expense $3,600;
Rent expense $16,000;
Loss on sale of property and equipment $6,400;
Cost of goods sold $22,000;
Depreciation expense $7,800;
Prepaid insurance expense $1,700.

How much were Hable's operating expenses?

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Follow-up Question

this was not one of the options to select

### Multiple Choice Question

Please select the correct answer from the options below:

- **$58,000**

![Option1](https://www.example.com/path/to/58k_icon.png)

- **$54,400**

![Option2](https://www.example.com/path/to/54k_icon.png)

- **$64,400**

![Option3](https://www.example.com/path/to/64k_icon.png)

- **$46,600**

![Option4](https://www.example.com/path/to/46k_icon.png)

In the image, there are four multiple choice options presented, each associated with a specified amount of money. Each option includes a selectable radio button for the user to choose their answer. The radio buttons are unselected in the current state of the image.

### Explanation

For educational purposes, each amount represents a potential answer to an unspecified question. Students or users are required to read the question (not displayed here) and select the correct answer by clicking on the corresponding radio button.

Note: The icons next to the options are placeholders and may contain any relevant images or icons specified by the educational platform.

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