Which of the following would be classified as a general expense on an income statement?
A)costs associated with an advertising campaign
B)payments made for insurance
C)salaries paid to salespeople
D)dividends paid to stockholders

Question

Quizplus · Accepted Answer

General expenses are typically operational costs that do not directly relate to producing goods or services. Payments made for insurance are considered general expenses. Option A is a marketing expense, Option C is a selling expense, and Option D is a financing expense.

Which of the Following Would Be Classified as a General