The operating expense section of an income statement for a wholesaler would not include
A: freight-out.
B: utilities expense.
C: cost of goods sold.
D: insurance expense.
A: freight-out.
B: utilities expense.
C: cost of goods sold.
D: insurance expense.
举一反三
- Merchandise inventory:（ ）。 A: neither is the cost of inventory that has been sold or is an expense on the income statement B: both is the cost of inventory that has been sold and is an expense on the income statement C: is an expense on the income statement D: is the cost of inventory that has been sold
- Which of the following is not a selling expense? A: Advertising expense. B: Office salaries expense. C: Freight-out. D: Store supplies consumed.
- Expenses are outflows of economic resources including cost of goods sold, selling, general and administrative expenses, tax expense, interest expense, etc.
- 名华慕课: Which of the following be included in period expense? Operating expense Administration expense Financial expense Production cost
- Cost of goods sold represents a cost, not an expense.