Which of the following is $\bold{not}$ an administrative expense?
A)motor vehicle lease payments
B)salaries and wages
C)rent
D)utilities charges and supplies

Question

Quizplus · Accepted Answer

Motor vehicle lease payments are a cost directly related to the operation of the business and would be classified as a cost of goods sold or operating expense, but not an administrative expense. Administrative expenses are typically those expenses associated with the general administration of the business, such as salaries and wages, rent, and utilities charges and supplies.

Which of the Following Is not\bold{not}not An Administrative Expense? A)motor Vehicle Lease Payments B)salaries and Wages

Which of the Following Is $\bold{not}$ An Administrative Expense?
A)motor Vehicle Lease Payments
B)salaries and Wages