Selling and administrative expenses would likely appear on the balance sheet of:
A) The Gap.
B) Texas Instruments.
C) Turner Broadcasting System.
D) All of these firms.
E) None of these firms.

Question

Quizplus · Accepted Answer

Selling and administrative expenses are not balance sheet items, but rather they are recognized on the income statement as expenses. Therefore, they would not appear on the balance sheet of any firm.

Selling and Administrative Expenses Would Likely Appear on the Balance