Examlex
All of the following are characteristic of an action potential EXCEPT:
Interest Expense
The cost incurred by an entity for borrowed funds, which is considered a non-operating expense on the income statement.
Gross Profit
The revenue a company retains after subtracting the expenses related to the production and sale of its goods or the provision of its services.
Operating Expenses
Recurring expenses related to the normal operations of a business, such as salaries, rent, utilities, and marketing costs, excluding the cost of goods sold.
Cost of Goods Sold
The expenditures directly related to generating the products a firm sells, which include the costs of materials and labor.
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