Explain the answers 4:10MNS The following expenses and loss were among those incurred...
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4:10MNS The following expenses and loss were among those incurred by Muscat Company during 2019: Items Value Rent for office space OMR 660,000 55,000 Loss on sale of office furniture Interest expense 132,000 352,000 Depreciation on the office Equipment Freight-out 70,000 One-half of the rented premises is occupied by the sales department. How much of the items listed above should be classified as general and administrative expenses in Muscat's income statement for 2019
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