In Which Category Would Office Salaries Expense Be Included

question 67

Multiple Choice

In which category would office salaries expense be included?

• A)Net sales.
• B)Cost of goods sold.
• C)Selling expenses.
• D)General and administrative expenses.

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Definitions:

Straight-Line Depreciation

A procedure for breaking down the cost of a tangible asset over its period of operation in equal annual installments.

Mutually Exclusive

Situations or events that cannot occur at the same time, requiring a choice to be made.

Straight-Line Depreciation

A template for apportioning the cost of a solid asset throughout its active life in equal yearly parts.