The operating expenses section of an income statement for a merchandising company would not include A)Freight-out. B)Utilities expense. C)Cost of goods sold. D)Insurance expense.

Name: The operating expenses section of an income statement for a merchandising company would not include A)Freight-out. B)Utilities expense. C)Cost of goods sold. D)Insurance expense.
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Question

Quizplus · Accepted Answer

Cost of goods sold is not an operating expense. It is a deduction from revenue to arrive at gross profit.

The Operating Expenses Section of an Income Statement for a Merchandising