Which of the Following Is Considered to Be an Expense

question 101

Multiple Choice

Which of the following is considered to be an expense on the income statement?

• A)Accounts payable.
• B)Notes payable.
• C)Wages payable.
• D)Cost of goods sold.

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Definitions:

High Profit

A significant amount of earnings exceeding the costs and expenses of operating a business or investment.

Business Growth Stage

The phase in a company's lifecycle where it experiences expansion through increased market share, customer base, or product lines.

Head Manager

The leading executive responsible for the strategic direction and overall management of an organization or specific unit.

Survival

The capability of living or continuing to exist under adverse or challenging conditions.