If Expenses Are Classified into the Groups, Cost of Sales

question 9

Multiple Choice

If expenses are classified into the groups, cost of sales, selling expenses, administrative expenses and finance expenses, under IAS 1/AASB 101 they are classified by:

• A) nature.
• B) function.
• C) liquidity.
• D) tangibility.

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Definitions:

E-commerce Company

A business that operates on the internet to buy and sell goods or services, often through websites or mobile apps.

Response Rate

The percentage of subjects receiving a questionnaire who answer the questions.

Relocate

To move to a new place, especially with respect to changing one's residence or place of business.

Office Space

A physical or virtual area designated for office work, including administrative tasks, meetings, and operations.