The costs of providing goods and services to customers are referred to as:
A)Assets.
B)Expenses.
C)Liabilities.
D)Revenues.

Question

Quizplus · Accepted Answer

Costs incurred to provide goods and services to customers are referred to as expenses. Assets refer to resources owned by a company, liabilities refer to obligations owed by a company, and revenues refer to the income earned by a company from its operations.

The Costs of Providing Goods and Services to Customers Are