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Activity 8: Crack the CASE
This activity will help you develop your full ability to answer cases on the
computation and preparation of SCI of a merchandising business. Answer what is
being asked in each case.
Case 1:
Handy Mask Company's salaries to sales agents amounted to P10,000. Salaries of
accountants amounted to P20,000. No other expenses were incurred. How much is
the company's general and administrative expense?