KYZ Radio pays salaries, rent, insurance, and utilities each month.These are all _____.
A) current assets
B) operating expenses
C) cost of merchandise sold
D) fixed liabilities
E) None of the above are correct.

Question

Quizplus · Accepted Answer

Salaries, rent, insurance, and utilities are expenses incurred in the regular course of operating the business of KYZ radio. Such expenses are known as operating expenses. Therefore, option B is the correct choice.

KYZ Radio Pays Salaries, Rent, Insurance, and Utilities Each Month