Which of the Following Is an Operating Expense

question 26

Multiple Choice

Which of the following is an operating expense?

• A) Interest Expense
• B) Purchases Returns and Allowances
• C) Salaries Expense
• D) Prepaid Insurance Expense

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Definitions:

Dissenting Opinions

Judicial opinions written by judges who disagree with the majority view on a legal decision.

Persuasive Authority

Legal sources that a court may consider but are not binding, used to support arguments in absence of binding sources.

Precedent

An authoritative legal ruling or procedural method that sets a precedent for handling future cases that are similar or related.

Unanimous Opinion

A judicial decision or legal opinion in which all the judges or justices agree on the outcome and reasoning.