What are costs incurred in the normal course of doing business?
A) Expenses
B) Vendor allowances
C) Margins
D) Revenues
E) None of these

Question

Quizplus · Accepted Answer

Expenses are the costs incurred in the normal course of doing business, such as rent, salaries, utilities, and supplies. Vendor allowances, margins, and revenues are not costs incurred, but instead relate to the profitability of the business.

What Are Costs Incurred in the Normal Course of Doing