Ongoing expenses incurred by the entity, other than direct expenses for merchandise and other costs directly related to sales, are called:
A) other expenses.
B) extraordinary items.
C) cost of goods sold.
D) operating expenses.

Name: Ongoing expenses incurred by the entity, other than direct expenses for merchandise and other costs directly related to sales, are called: A) other expenses. B) extraordinary items. C) cost of goods sold. D) operating expenses.
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Question

Quizplus · Accepted Answer

The Answer is D

Ongoing Expenses Incurred by the Entity, Other Than Direct Expenses