The following expenses and loss were among those incurred by Muscat Company during 2019: ...
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Accounting
The following expenses and loss were among those incurred by Muscat Company during 2019: Items Value Rent for office space OMR 660,000 Loss on sale of office furniture 55,000 Interest expense 132,000 Depreciation on the office Equipment 352,000 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 Muscats income statement for 2019? Select one: a. OMR 682,000 b. OMR 869,000 c. OMR 884,000 d. None of the answers are correct e. OMR 939,000 2-
The following expenses and loss were among those incurred by Muscat Company during 2019:
Items
Value
Rent for office space
OMR 660,000
Loss on sale of office furniture
55,000
Interest expense
132,000
Depreciation on the office Equipment
352,000
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 Muscats income statement for 2019?
Select one:
a. OMR 682,000
b. OMR 869,000
c. OMR 884,000
d. None of the answers are correct
e. OMR 939,000
2-
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