What type of expense would be shown on an income statement when the owner of a dirt racing track promoted an upcoming race by purchasing advertising time on a local radio station?
A)functional
B)incidental
C)operating
D)revenue
E)communication

Question

Quizplus · Accepted Answer

Advertising expenses are considered operating expenses because they are costs incurred during the normal operations of a business to attract customers and increase sales.

What Type of Expense Would Be Shown on an Income