President's salaries, depreciation of office furniture, and office supplies are

administrative expenses

selling expenses

miscellaneous expenses

inventory expenses

Use the adjusted trial balance for Stockton Company below to answer the questions that follow.

Stockton Company
Adjusted Trial Balance
December 31
Cash	7,530
Accounts Receivable	2,100
Prepaid Expenses	700
Equipment	13,700
Accumulated Depreciation		1,100
Accounts Payable		1,900
Notes Payable		4,300
Common Stock		1,000
Retained Earnings		12,940
Dividends	790
Fees Earned		9,250
Wages Expense	2,500
Rent Expense	1,960
Utilities Expense	775
Depreciation Expense	250
Miscellaneous Expense	185
Totals	30,490	30,490

Determine total assets.

a.$25,130

b.$24,030

c.$16,830

d.$22,930

The income statement will present

revenues less expenses (ordered largest to smallest amount) with miscellaneous expense listed last

revenues less expenses (ordered in alphabetical order)

revenues less expenses (order is not important)

revenues less expenses (ordered smallest to largest amounts) with miscellaneous expense listed last)