What Type of Expense Would Be Shown on an Income

question 48

Multiple Choice

What type of expense would be shown on an income statement when the owner of a dirt racing track promoted an upcoming race by purchasing advertising time on a local radio station?

• A)functional
• B)incidental
• C)operating
• D)revenue
• E)communication

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Definitions:

Performance Standards

Specific criteria used to measure the efficiency, effectiveness, and quality of an employee's work or an organization’s outputs.

Achievable

Pertains to goals or objectives that can realistically be accomplished within the available resources and constraints.

Complex

Comprising many interconnected parts or elements; not simple or straightforward, often requiring significant time or effort to understand or deal with.

Direct Observation

A research method where data is collected by watching subjects in their natural or controlled environment without interference or manipulation.