Which of the following is an operating expense?
A)Interest Expense
B)Interest Revenue
C)Salaries Expense
D)Prepaid Insurance Expense

Question

Quizplus · Accepted Answer

Salaries Expense is an operating expense because it is directly related to the day-to-day operations of the business. Interest Expense (A) is a financing expense, Interest Revenue (B) is a type of revenue, and Prepaid Insurance Expense (D) is a prepaid asset that will be expensed over time.

Which of the Following Is an Operating Expense