Selling and administrative expenses would likely appear on the balance sheet of:
A)A clothing store.
B)A computer manufacturer.
C)A television network.
D)All of these ﬁrms.
E)None of these ﬁrms.

Question

Quizplus · Accepted Answer

Selling and administrative expenses are considered operating expenses and would be shown on the income statement, not the balance sheet. Therefore, they would not appear on the balance sheet of any of these firms.

Selling and Administrative Expenses Would Likely Appear on the Balance