The amounts spent by a publishing company to pay for manufacturing its books is called ________.
A) cost of goods sold
B) operating expenses
C) cost of goods purchased
D) net loss
E) revenue

Question

Quizplus · Accepted Answer

Cost of goods sold refers to the expenses incurred by a company in the process of manufacturing its products. In this case, the publishing company's expenses for producing its books would fall under the cost of goods sold category.

The Amounts Spent by a Publishing Company to Pay for Manufacturing