Ongoing expenditures, such as general and administrative expenses, which occur in the process of selling and managing a company are known as
A) cost of goods sold.
B) retained earnings.
C) gross margin.
D) operating expenses.

Question

Quizplus · Accepted Answer

Operating expenses are the ongoing expenditures related to the day-to-day functioning of a business, including general and administrative expenses.

Ongoing Expenditures, Such as General and Administrative Expenses, Which Occur