Which of the following is considered to be an expense on the income statement?

Name: Which of the following is considered to be an expense on the income statement?
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Question

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Cost of goods sold is a direct expense related to the production of goods that have been sold during the given period, and it is subtracted from sales to determine gross profit. Accounts payable, notes payable, and wages payable are all liability accounts that do not appear as expenses on the income statement.

Which of the Following Is Considered to Be an Expense