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Testbank Question 46 Oskar Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31,
Testbank Question 46 Oskar 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 $120,000 Advertising 150,000 Freight-out 75,000 Interest 60,000 Loss on sale of long-term investments 30,000 Officers' salaries 180,000 Rent for office space 160,000 Sales salaries and commissions 110,000 One-half of the rented premises is occupied by the sales department. How much of the expenses listed above should be included in Oskar's selling expenses for 2020? $340,000 O O O O $260,000 $415,000 $335,000
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