The following expenses were recognized by CBA Co., a retailer, during 2020: Interest expense: P120,000 Telephone expense: P95,000  Loss on sale of store equipment: P47,000 Legal fees: P74,000 Officers’ salaries: P115,000. How much should CBA Co. report as general and administrative expenses for 2020? *   P210,000 P284,000 P330,000 P404,000 answer not given

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The following expenses were recognized by CBA Co., a retailer, during 2020:

Interest expense: P120,000

Telephone expense: P95,000

 Loss on sale of store equipment: P47,000

Legal fees: P74,000

Officers’ salaries: P115,000.

How much should CBA Co. report as general and administrative expenses for 2020? *

 

P210,000

P284,000

P330,000

P404,000

answer not given

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