Expenses a firm incurs for insurance,office salaries,and rent would be classified as:

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Expenses for insurance, office salaries, and rent are categorized as general expenses on an income statement since they are not directly related to the cost of goods sold or the selling of goods/services. Current liabilities on a balance sheet refer to obligations due within one year, and general expenses on a cash flow statement refer to expenses incurred in the operation of the business.

Expenses a Firm Incurs for Insurance,office Salaries,and Rent Would Be