Which of the Following Are the Two Types of Expenses

question 81

Multiple Choice

Which of the following are the two types of expenses recorded on the income statement?

• A) cost of goods sold and production costs
• B) sales expense and administrative expenses`
• C) operating expenses and administrative expenses
• D) cost of goods sold and operating expenses

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Definitions:

Consumer Reports

An American magazine and organization providing unbiased product reviews, ratings, and comparisons to help consumers make informed purchasing decisions.

Interpersonal Affection

The feelings of warmth, fondness, and emotional closeness shared between individuals in personal relationships.

Love

A complex set of emotions and behaviors characterized by affection, warmth, and regard towards another person or entity.

Social Acceptance

A situation in which other people have come to like you, respect you, approve of you, and include you in their groups and relationships.