Expenses NOT related to the primary operations of the business are sometimes reported as

Question

Quizplus · Accepted Answer

Expenses that are not directly related to the primary operations of the business, such as interest expenses, losses from sale of assets, or lawsuits, are typically reported as "other expenses" on the income statement. Administrative expenses refer to costs incurred for general business activities such as office supplies, salaries and benefits for administrative staff, and travel expenses, while operating expenses include expenses related to the production and sale of goods or services. Therefore, the correct answer is C, "other expense."

Expenses NOT Related to the Primary Operations of the Business