Which of the Following Is NOT Considered to Be an Operating

question 70

Multiple Choice

Which of the following is NOT considered to be an operating expense on the income statement?

• A) administrative expenses and overhead
• B) corporate taxes
• C) salaries
• D) depreciation and amortization

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Definitions:

Chocolate Factory

A manufacturing facility dedicated to the production of chocolate and chocolate-related products.

Flood

An overflow of water that submerges land that is usually dry, often caused by heavy rain or melting snow.

Insurance

A financial agreement where a company provides compensation for specified losses, damage, illness, or death in exchange for premium payments.

Wealth

Refers to the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions.