Which of the following represents the costs that relate to earning revenue?

Name: Which of the following represents the costs that relate to earning revenue?
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Question

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Expenses are costs incurred in the process of earning revenue, such as salaries, rent, utilities, and supplies. Owner's Equity represents the owner's investment in the business, whereas Drawing refers to withdrawals made by the owner from the business. Assets are resources owned by the business, such as property, equipment, and inventory.

Which of the Following Represents the Costs That Relate to Earning