The operating expense section of an income statement for a wholesaler would not include
A) freight-out.
B) utilities expense.
C) cost of goods sold.
D) insurance expense.

Question

Quizplus · Accepted Answer

The operating expense section of an income statement for a wholesaler typically includes expenses such as freight-out, utilities expense, insurance expense, and other operating expenses. However, cost of goods sold is not considered an operating expense; it is a separate category that represents the direct costs associated with producing or acquiring the products that the wholesaler sells.

The Operating Expense Section of an Income Statement for a Wholesaler