Unlike Loads, 12b-1 Fees Are an Annual Expense

question 39

True/False

Unlike loads, 12b-1 fees are an annual expense.

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Definitions:

Worksheet

A columnar device used by accountants to aid them in completing the accounting cycle—often just referred to as "spreadsheet." It is not a formal report.

Revenue

The total income received by a company from its normal business activities, before any expenses are subtracted.

Long-term Liabilities

Financial obligations of a business that are due more than one year in the future, such as bonds payable or long-term loans.