On an income statement, operating expenses that cannot be linked to cost of goods sold or to sales are called _____ expenses.
A)functional
B)revenue-producing
C)miscellaneous
D)incidental
E)general and administrative

Question

Quizplus · Accepted Answer

General and administrative expenses are the operating expenses that cannot be directly linked to the production or sale of goods or services. These include expenses such as salaries of non-sales personnel, office rent, and utilities.

On an Income Statement, Operating Expenses That Cannot Be Linked