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AICPA Exam CPA-Financial Topic 2 Question 36 Discussion
Actual exam question for
AICPA's
CPA-Financial exam
Question #: 36
Topic #: 2
[All CPA-Financial Questions]
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?
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.
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