Which One of the Following Would Be Reported as an Operating

question 63

Multiple Choice

Which one of the following would be reported as an operating expense on a multiple-step income statement of an online retailer but not a local accounting firm?

• A) Freight-out
• B) Insurance expense
• C) Utilities expense
• D) Depreciation expense

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Definitions:

Political Power

The capacity to influence, control, or coerce the behavior of individuals, groups, or organizations, often seen within the framework of government and politics.

Duplication

The act of making an exact copy of something; reproduction of a document, data, or material.

Reports

Documents that present and analyze information objectively to inform, update, or make decisions.

Environmental Forces

Environmental Forces refer to external conditions and influences that affect an organization's performance, including political, economic, social, technological, environmental, and legal factors.