Which of the Following Would Appear on a Selling and Administrative

question 42

Multiple Choice

Which of the following would appear on a selling and administrative expense budget,but would not appear on a schedule of cash payments for selling and administrative expenses?

• A) Cost of goods sold
• B) Depreciation expense
• C) Salary expense
• D) Sales expense

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Definitions:

Debt

An amount of money borrowed by one party from another, often used by businesses and governments to finance operations and projects.

Equity

The worth of a stake in property ownership, such as the equity held by shareholders in a company.

Dealer Market

A financial market where dealers buy and sell securities for their own accounts, acting as principals in the transaction.

Securities

Financial instruments that represent either ownership (stocks), a debt agreement (bonds), or rights to ownership (derivatives) that can be bought and sold.