Company incurred the ollowing costs the current year: Property taxes Freight in Doubtful accounts Officers' salaries Insurance 250,000 1,750,000 1,600,000 1,500,000 850,000 2,150,000 500,000 1,000,000 Sales representative salaries Interest on inventory loan Research and development expense What amount of these costs should be reported as administrative expenses? a. 2,600,000 b. 3,350,000 c. 5,200,000 d. 4,200,000

Company incurred the ollowing costs the current year: Property taxes Freight in Doubtful accounts Officers' salaries Insurance 250,000 1,750,000 1,600,000 1,500,000 850,000 2,150,000 500,000 1,000,000 Sales representative salaries Interest on inventory loan Research and development expense What amount of these costs should be reported as administrative expenses? a. 2,600,000 b. 3,350,000 c. 5,200,000 d. 4,200,000

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion

Section: Chapter Questions

Problem 30CE

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