Expenses a Firm Incurs for Insurance, Office Salaries, and Rent

question 310

Multiple Choice

Expenses a firm incurs for insurance, office salaries, and rent are classified as

• A) selling expenses on an income statement.
• B) general expenses on an income statement.
• C) current liabilities on a balance sheet.
• D) general expenses on a cash flow statement.

---

Definitions:

Closed-Ended

Pertaining to a type of question or survey item that provides a limited set of specific answers from which respondents must choose, often facilitating easier analysis.

Leading

The act of directing or guiding individuals or groups towards a goal or desired outcome.

Negative Questions

Survey questions that ask respondents what they don’t think instead of what they do think.

Belittle

To disparage or diminish the importance or value of someone or something in a derogatory manner.