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mrs_skeptik [129]
3 years ago
11

The following items were among those reported on Lee Co.'s Income Statement for the year ended December 31, 20x5:

Business
1 answer:
coldgirl [10]3 years ago
4 0

Answer:

C.  $410,000

Explanation:

Administrative and general expenses in Lee's multiple - step income statement is $410,000

i.e  the Legal and audit fees $170,000 and Rent for office space $240,000 which will amount to $410,000

Note:   General and Administrative expenses are incurred in the day-to-day operations of a business and are not  tied to a specific function or department within the  organisation.

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