On an income statement,operating expenses that cannot be linked to cost of goods sold or to sales are known as which of the following type of expenses?
A) incidental
B) functional
C) miscellaneous
D) general and administrative

Question

Quizplus · Accepted Answer

General and administrative expenses are those expenses that cannot be linked to cost of goods sold or to sales. These expenses include salaries, rent, utilities, and other costs that are necessary to run the business but are not directly related to producing or selling the product or service. Incidental, functional, and miscellaneous expenses do not specifically refer to this type of expense.

On an Income Statement,operating Expenses That Cannot Be Linked to Cost