Expenses a Firm Incurs for Insurance,office Salaries,and Rent Are Classified

question 287

Multiple Choice

Expenses a firm incurs for insurance,office salaries,and rent are classified as:

• A)Selling expenses on an income statement.
• B)General expenses on an income statement.
• C)Current liabilities on a balance sheet.
• D)General expenses on a cash flow statement.

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Definitions:

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