Ortiz Co. had the following account balances: Sales revenue $ 440,000 Cost of goods sold 220,000 Salaries and wages expense 30,000 Depreciation expense 60,000 Dividend revenue 12,000 Utilities expense 24,000 Rent revenue 60,000 Interest expense 36,000 Sales returns and allow. 33,000 Advertising expense 39,000 What would Ortiz report as total expenses in a single-step income statement? O a. 421,000 O b. 442,000 409,000 O d. 189,000

Ortiz Co. had the following account balances: Sales revenue $ 440,000 Cost of goods sold 220,000 Salaries and wages expense 30,000 Depreciation expense 60,000 Dividend revenue 12,000 Utilities expense 24,000 Rent revenue 60,000 Interest expense 36,000 Sales returns and allow. 33,000 Advertising expense 39,000 What would Ortiz report as total expenses in a single-step income statement? O a. 421,000 O b. 442,000 409,000 O d. 189,000

Name: Pregunta 47Ortiz Co. had the following account balances:Sales revenue
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Description: Pregunta 47Ortiz Co. had the following account balances:Sales revenue $ 440,000Sin responderaúnCost of goods sold 220,000Salaries and wages expense 30,000Puntúa como2.25Depreciation expense 60,000I DesmarcarDividend revenue 12,000Utilities expense 2

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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