Perry Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2014, included the following expense accounts: One-half of the rented premises is occupied by the sales department.How much of the expenses listed above should be included in Perry's general and administrative expenses for 2014?
A) $820,000.
B) $880,000.
C) $940,000.
D) $1,000,000.

Question

Perry Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2014, included the following expense accounts:  One-half of the rented premises is occupied by the sales department.How much of the expenses listed above should be included in Perry's general and administrative expenses for 2014?
A) $820,000. 
B) $880,000. 
C) $940,000. 
D) $1,000,000.

Quizplus · Accepted Answer

The Answer of Perry Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2014, included the following expense accounts:  One-half of the rented premises is occupied by the sales department.How much of the expenses listed above should be included in Perry's general and administrative expenses for 2014?
A) $820,000. 
B) $880,000. 
C) $940,000. 
D) $1,000,000.