Which of the Following Expenses Is Usually Listed Last on the Statement

question 41

Multiple Choice

Which of the following expenses is usually listed last on the statement of earnings?

• A) Cost of sales
• B) General administrative expenses
• C) Income tax expense
• D) Advertising expense

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Definitions:

Context

The circumstances or background that provides understanding and relevance to a specific event, statement, or idea.

Summarizing

The act of presenting the main points or essence of a text or speech in a concise form.

Credit

Recognition or acknowledgment for someone's contributions or the ability to borrow money or resources with the promise of repayment.

Translating

The process of converting written or spoken content from one language into another, ensuring the message is accurately conveyed.