Which of the Following Are Expenses for Accounting Purposes but Are

question 54

Multiple Choice

Which of the following are expenses for accounting purposes but are not operating cash flows for financial purposes?
I.interest expense
II.taxes
III.costs of goods sold
IV.depreciation

• A)IV only
• B)II and IV only
• C)I and III only
• D)I and IV only
• E)I, II, and IV only

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Definitions:

Clinton Administration

The executive branch of the U.S. government from 1993 to 2001, under President Bill Clinton, notable for economic prosperity and several domestic and international policy achievements.

Communist Ideology

A socio-political ideology that advocates for a classless society in which all property and wealth are communally owned.

Riyadh Bombing

A terrorist attack that took place in Riyadh, Saudi Arabia, targeting expatriate and government facilities and resulting in casualties and damage.

U.S.S Cole

An American naval destroyer that was attacked by al-Qaeda terrorists in a suicide bombing on October 12, 2000, in the port of Aden, Yemen.