Which of the following would be classified as a general expense on an income statement?
A) salaries paid to salespeople
B) dividends paid to stockholders
C) payments made for insurance
D) costs associated with an advertising campaign

Question

Quizplus · Accepted Answer

Operating expenses are usually divided into two categories. Selling expenses include things like salaries for salespeople and advertising costs. General expenses include office salaries, insurance, and depreciation.

Which of the Following Would Be Classified as a General