Which of the Following Is NOT an Operating Expense

question 105

Multiple Choice

Which of the following is NOT an operating expense?

• A)Payroll Tax Expense
• B)Freight-in
• C)Supplies Expense
• D)Depreciation Expense - Office Equipment

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Definitions:

Outstanding Mortgage

The remaining balance of a mortgage that is still owed by the borrower to the lender.

Mortgage Payment

Periodic payments made by a borrower to a lender, typically comprising both principal and interest, for the repayment of a mortgage loan.

Cause of Action

A set of facts sufficient to justify a right to sue to obtain money, property, or the enforcement of a right against another party.

Breach of Contract

The failure to perform any term of a contract, written or verbal, without a legitimate legal excuse.