President's Salaries, Depreciation of Office Furniture, and Office Supplies Are

question 31

Multiple Choice

President's salaries, depreciation of office furniture, and office supplies are

• A) selling expenses
• B) miscellaneous expenses
• C) administrative expenses
• D) inventory expenses

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Definitions:

Security

A financial instrument representing an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Net Losses

Refers to the situation where a company's expenses exceed its revenues for a given period, resulting in a negative profit.

Long-Term Losses

Financial losses on investments held for more than a year before being sold at a lower price than the purchase cost.