On an income statement, what are expenses such as professional salaries, office salaries, office supplies, rent, and insurance?

Name: On an income statement, what are expenses such as professional salaries, office salaries, office supplies, rent, and insurance?
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Quizplus · Accepted Answer

These expenses are referred to as general and administrative expenses (G&A expenses). They are costs associated with the overall management and support of a business, rather than specific operational activities.

On an Income Statement, What Are Expenses Such as Professional