The largest expense category on the income statement of most merchandising companies is:

Name: The largest expense category on the income statement of most merchandising companies is:
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

Cost of goods sold represents the direct cost of producing or purchasing the merchandise that was sold during the period. It includes the cost of materials, labor, and overhead necessary to produce or purchase the goods. As a result, it is typically the largest expense category for merchandising companies.

The Largest Expense Category on the Income Statement of Most