Operating Expenses Appear on the Income Statement

question 134

Multiple Choice

Operating expenses appear on the income statement:

• A) directly after gross margin
• B) directly after cost of goods sold
• C) directly after revenue
• D) do not appear on the income statement

---

Definitions:

Business Culture

The set of beliefs, ethics, practices, and behaviors that defines the way a company operates and interacts internally and externally.

Consumer Ethics

Refers to the moral principles that guide consumers in their purchase decisions, considering the impact on society, environment, and economy.

Online Auction Fraud

A type of scam where fraudsters manipulate the bidding process in online auctions to deceive buyers or sellers, often involving fake listings or payment schemes.

Loss Prevention

Strategies and actions implemented by businesses to prevent theft, fraud, and other losses that can result in decreased revenue.