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3. (TCO C) Blue Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 201X, included the following expense accounts.;Accounting and legal fees $150,000;Advertising $125,000;Freight-out $65,000;Interest $80,000;Loss on sale of long-term investments $35,000;Officers' salaries $200,000;Rent for office space $160,000;Sales salaries and commissions $110,000;One half of the rented premises are occupied by the sales department.;How much of the expenses listed above should be included in Perry's selling expenses for 201X? (Points: 15)

 

Paper#75144 | Written in 18-Jul-2015

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