Rent,salaries,insurance,and amortization are all examples of the cost of goods sold.

Name: Rent,salaries,insurance,and amortization are all examples of the cost of goods sold.
Brand: Quizplus
Rating: 5.0 (42 reviews)

Question

Quizplus · Accepted Answer

Rent, salaries, insurance, and amortization are examples of operating expenses, not the cost of goods sold. The cost of goods sold includes only the expenses directly related to the production or purchase of goods, such as the cost of materials and labor.

Rent,salaries,insurance,and Amortization Are All Examples of the Cost of Goods