Multiple Choice
Pete owns a shoe-shine business. His accountant most likely includes which of the following costs on his financial statements?
A) Shoe polish and wages Pete could earn delivering newspapers
B) Shoe polish and rent on the shoe stand
C) Wages Pete could earn delivering newspapers and interest that Pete's money was earning before he spent his savings to set up the shoe-shine business
D) Rent on the shoe stand and interest that Pete's money was earning before he spent his savings to set up the shoe-shine business
Correct Answer:
Verified
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