The Operating Expense Section of an Income Statement for a Wholesaler

question 222

Multiple Choice

The operating expense section of an income statement for a wholesaler would not include

• A) freight-out.
• B) utilities expense.
• C) cost of goods sold.
• D) insurance expense.

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Definitions:

Hedge Clippers

are hand or power tools designed specifically for trimming, shaping, and maintaining hedges and bushes in landscaping.

Close

In sales, to close means to successfully conclude a deal or sale transaction, securing an agreement or purchase from the customer.

Prefer

To like or desire someone or something more than another or others.

Cedar Closet Systems

Customizable storage solutions made from cedar wood, known for their natural moth repellent properties and fragrance.