ABC Radio pays salaries,rent,insurance,and utilities each month.These are all
A) current assets.
B) operating expenses.
C) cost of merchandise sold.
D) fixed liabilities.
E) None of these answers is correct.

Question

Quizplus · Accepted Answer

Salaries, rent, insurance, and utilities are examples of operating expenses that a company incurs on a regular basis in order to run its business operations. Current assets are cash or other assets that can be easily converted to cash within a year, cost of merchandise sold refers to the direct cost of producing the goods sold by a company, and fixed liabilities typically refer to long-term debts that a company is obligated to repay over multiple years.

ABC Radio Pays Salaries,rent,insurance,and Utilities Each Month