Which of the Following Items Is Reported as an Expense

question 4

Multiple Choice

Which of the following items is reported as an expense on the income statement?

• A)Dividends declared.
• B)Cost of goods sold.
• C)Dividends paid.
• D)Accounts payable.

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Definitions:

Ethics of Care

A philosophical perspective that emphasizes the importance of caring, empathy, and maintaining relationships as a moral obligation.

Autonomy

The capacity and right of individuals to make their own choices and govern themselves.

Nonmaleficence

A principle in ethics that requires avoiding actions that cause harm or injury to others, key in medical and healthcare ethics.

Justice

A moral principle regarding fairness and the equitable treatment of all individuals.