Rent,amortization,and salaries are all examples of:
A)expenses.
B)owners' equity.
C)liabilities.
D)assets.

Question

Quizplus · Accepted Answer

Rent, amortization, and salaries are all costs incurred by a business in order to generate revenue. These costs reduce the profitability of the business and are called expenses. Owners' equity, liabilities, and assets are different categories on a balance sheet that represent the financial position of a business.

Rent,amortization,and Salaries Are All Examples Of