How many of the following expenses that would normally appear in an internally prepared profit and loss statement are required to be separately disclosed in an external statement prepared to conform to the requirements of the accounting standards?
$\bullet$Cleaning
$\bullet$Salaries and wages
$\bullet$Telephone expense
$\bullet$Repairs and maintenance
A) 1
B) 2
C) 3
D) 4

Question

Quizplus · Accepted Answer

Salaries and wages are typically required to be separately disclosed in external financial statements according to accounting standards, while the other expenses listed are usually aggregated under general and administrative expenses.

How Many of the Following Expenses That Would Normally Appear ∙\bullet∙

How Many of the Following Expenses That Would Normally Appear $\bullet$