Which of the following business products are usually treated as expense items?
A) component parts and materials
B) raw materials
C) professional services
D) supplies
E) All of these products are expense items.

Question

Quizplus · Accepted Answer

Expense items are costs that are incurred in the normal course of business and are not capitalized as assets. All of the listed products are typically treated as expense items because they are consumed or used up in the production of goods or services.

Which of the Following Business Products Are Usually Treated as Expense