Select the Appropriate Classification of the Items Listed Below

question 63

Multiple Choice

Select the appropriate classification of the items listed below.
-A professor's salary at a university

• A)selling expense
• B)administrative expense
• C)direct materials
• D)direct labor
• E)overhead

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Definitions:

Burns Down

Refers to the act of a structure being destroyed or damaged by fire.

Rent Payment

Rent payment refers to the periodic monetary compensation that a tenant agrees to pay to a landlord in return for the use of rental property.

Joint Tenants

A form of ownership where two or more parties hold property together, with equal rights and obligations, and where upon the death of one, the surviving tenant(s) automatically inherits the deceased's share.

Parcel of Land

A specific piece of land, defined by boundaries, that is owned or meant to be owned as a unit.