The following items were among those that were reported on Nen Co.'s income statement for the year ended December 31, 2008:
The office space is used equally by Nen's sales and accounting departments. What amount of the above-listed items should be classified as general and administrative expenses in Nen's multiple-step income statement?
A) $220,000
B) $255,000
C) $310,000
D) $430,000

Question

The following items were among those that were reported on Nen Co.'s income statement for the year ended December 31, 2008:
 The office space is used equally by Nen's sales and accounting departments. What amount of the above-listed items should be classified as general and administrative expenses in Nen's multiple-step income statement?
A) $220,000 
B) $255,000 
C) $310,000 
D) $430,000

Quizplus · Accepted Answer

$130,000 + $90,000 = $220,000

The Following Items Were Among Those That Were Reported on Nen