What would crane report as total expenses


Problem: Crane co. had the following account balances: sales revenue $449600 cost of goods sold 220600 salaries and wages expense 26800 depreciation expense 56600 dividend revenue 12100 utilities expense 23300 rent revenue 56600 interest expense 37500 sales returns and allow 39400 advertising expense 42300 what would crane report as total expenses in a single -step income statement? a. $446500 b. $407100 c. $419200 d.$186500

 

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Accounting Basics: What would crane report as total expenses
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