AICPA Exam CPA-Financial Topic 2 Question 36 Discussion

Actual exam question for AICPA's CPA Financial Accounting and Reporting exam

Question #: 36
Topic #: 2

The following costs were incurred by Griff Co., a manufacturer, during 1992:

What amount of these costs should be reported as general and administrative expenses for 1992?

A$260,000

B$550,000

C$635,000

D$810,000

Show Suggested Answer

Suggested Answer: A

Choice 'a' is correct. $260,000.

General and administrative

'Freight-in' is part of 'cost of goods sold.'

'Freight-out' is a 'selling' expense.

Sales representative salaries is a selling expense.

by Glenna at May 08, 2022, 08:01 PM

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