______ are comprised of selling expenses and general and administrative expenses.
举一反三
- Expenses are outflows of economic resources including cost of goods sold, selling, general and administrative expenses, tax expense, interest expense, etc.
- Gross profit is calculated as: A: Total sales - cost of sales - selling, general and administrative expenses - depreciation and amortization B: Total sales - cost of sales - selling, general and administrative expenses C: Total sales - cost of sales D: None of the above
- Which of the following is expenses ratio? ( ) A: Selling and Distribution expenses ratio B: Finance Expenses ratio C: Factory expenses ratio D: Administrative expenses ratio
- Which of the following is NOT an operating expense? A: Interest expense B: Depreciation and amortization C: Selling, general and administrative expenses D: Research and development
- Because expenses are decreases in equity, increases in expenses are recorded as debits.