Which of the Following Is Not Reported as an Operating

question 87

Multiple Choice

Which of the following is not reported as an operating expense on the income statement?

• A)Administrative expenses.
• B)Research and development expense.
• C)Interest expense.
• D)Selling expenses.

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Definitions:

Deliberate System

Involves thoughtful, analytical, and slow processing of information, often contrasted with automatic or instinctual processing.

Duplex Mind

The duplex mind concept suggests that the human mind has two operational systems: one that is automatic, unconscious, and fast, and another that is controlled, conscious, and slower.

Cultures

Cultures encompass the shared values, beliefs, norms, customs, laws, and knowledge of a group of people that guide their behaviors and understanding of the world, passed from generation to generation.

Nature

The physical world and ecosystem surrounding us, including plants, animals, landscapes, and environmental processes.