Which of the Following Is Not Reported as an Operating

question 115

Multiple Choice

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

• A)Salaries expense
• B)Rent expense
• C)Interest expense
• D)Advertising expense

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Definitions:

Shortage

A situation where the demand for a product exceeds its supply in a market.

Units

The fundamental quantities or measurements in which variables, goods, services, or products are expressed or quantified.

Price Floor

A legally imposed minimum price set above the equilibrium price, preventing the market price from falling below a certain level.

Demand Decreases

A situation where the quantity of a good or service that consumers are willing and able to purchase at a given price declines.