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When Preparing an Income Statement for a Retailer How Will

Question 47

Multiple Choice

When preparing an income statement for a retailer how will each of the following items be classified?
I. Discount allowed; and
II. Depreciation of sales-person's motor vehicles


A) Finance expenses; selling and distribution expenses
B) Administrative expenses; selling and distribution expenses
C) Finance expenses; administrative expenses
D) Selling and distribution expenses; selling and distribution expense

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