A cost used up in the production of revenues is a(n)
A)unexpired cost.
B)loss.
C)expense.
D)asset.

Name: A cost used up in the production of revenues is a(n) A)unexpired cost. B)loss. C)expense. D)asset.
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Question

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A cost used up in the production of revenues is an expense. An expense is a cost that has been incurred in the process of generating revenues, and it reduces the profitability of the company. Examples of expenses include salaries, rent, utilities, and cost of goods sold.

A Cost Used Up in the Production of Revenues Is