Which of the following is NOT an operating expense?
A) Payroll Tax Expense
B) Freight-in
C) Supplies Expense
D) Depreciation Expense - Office Equipment
Correct Answer:
Verified
Q1: Cost of Goods Sold is calculated on
Q2: What is the name of the revenue
Q4: Which of the following is an operating
Q4: Net Sales are:
A) Gross Sales + Sales
Q5: Cost of Goods Sold includes:
A)Freight-in.
B)Freight-out.
C)Supplies Expense.
D)Net Sales.
Q7: Net Sales + Sales Discounts + Sales
Q8: Selling expenses include:
A)Advertising Expense.
B)Freight-In.
C)Office Supplies Expense.
D)All of
Q11: Net Purchases + Purchases Returns and Allowances
Q15: The calculation of Net Purchases does NOT
Q20: The amount found in the Income Statement
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