Farrell Company Has Rent Expense,wages Expense,and Utilities Expense

question 34

Multiple Choice

Farrell Company has rent expense,wages expense,and utilities expense.Where will the company present these expenses on the income statement?

• A)As a component of net sales.
• B)As a component of gross profit.
• C)After income from operations.
• D)Prior to income from operations.

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Definitions:

Individual Retirement Account

A financial tool used for saving towards retirement that offers tax advantages.