Austin Company The following information is available for Austin Company for its first year of operations:
Refer to Austin Company. What was the total amount of Selling,General and Administrative expense incurred by Austin Company?
A) $30,000
B) $62,500
C) $6,000
D) can't be determined from the information given

Question

Austin Company The following information is available for Austin Company for its first year of operations:
 Refer to Austin Company. What was the total amount of Selling,General and Administrative expense incurred by Austin Company?
A) $30,000 
B) $62,500 
C) $6,000 
D) can't be determined from the information given

Quizplus · Accepted Answer

According to the income statement provided, the total amount of Selling, General and Administrative expenses incurred by Austin Company during its first year of operations was $62,500.

Austin Company the Following Information Is Available for Austin Company