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Can someone please show me how my answer is incorrect? Question 7 0/1 pts Larry Corp. reports operating expenses in two categories: (1) selling and
Can someone please show me how my answer is incorrect?
Question 7 0/1 pts Larry Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2020, included the following expense accounts: Accounting and legal fees $420,000 Advertising 360,000 Freight-out 225,000 Interest 180,000 Loss on sale of long-term investments 90,000 Officers' salaries 540,000 Rent for office space 540,000 Sales salaries and commissions 405,000 How much of the expenses listed above should be included in Larry's selling expenses for 2020? $765,000 Correct Answer O $990,000. $1,035,000. You Answered $1,260,000Step by Step Solution
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