_____ would appear on an income statement of both a retailer and a manufacturer.
A)Direct materials
B)Administrative expenses
C)Ending finished goods inventory
D)Factory burden

Question

Quizplus · Accepted Answer

Administrative expenses, such as rent, utilities, and salaries, are incurred by both retailers and manufacturers and are reported on the income statement as operating expenses. The other choices are specific to either a manufacturer (direct materials, ending finished goods inventory, factory burden) or a retailer (none of the above).

_____ Would Appear on an Income Statement of Both a Retailer