which of the following is not an operating expense? course hero

What is an expense in accounting?

35.Which of the following is not Operating expenses? a. Office expense b. Selling expense c. Bad debts d. Loss by fire. 36. Revenue from operations Rs.6,00,000; Gross profit 20%; Office expenses Rs.30,000; Selling expenses Rs.48,000. Calculate Operating ratio. a. 80% b. 85% c. 96.33% d. 93% 37. Operating ratio is a.

Is interest expense an operating expense?

Question options: A) Operating costs per sales dollar are usually lower for larger retailers than they are for small retailers. B) Larger retail firms generally have higher operating costs per sales dollar. C) Retailers cannot be classified by number ofstores. D) Retailers are rarely classified by …

How to study for accounting exam #2?

3) Which of the following is NOT an operating expense? A) Interest expense B) Depreciation and amortization C) Selling, general and administrative expenses D) Research and development Use the information for the question(s) below.

When are expenses and revenues recognized?

In doing so, analyze the following issues: Political (forei Q: Support your answer with relevant legal principle and case laws Question 1 Lisa is an English teacher in Star Internatio Q: Which of the following can form part of the cost base of a rental property used for …

When are expenses recognized?

Expenses are recognized when incurred regardless of the timing of cash flows. Revenues are recognized when earned regardless of the timing of cash flows. Generally accepted accounting principles require use of the accrual basis. It should not be used when providing financial statements to external decision makers.

When is a journal entry to record bad debt expense made?

The journal entry to record bad debt expense is made during the year that it is determined that a particular receivable is uncollectible, regardless of the year of sale. True or False. False. When a particular account receivable is determined to be uncollectible, the journal entry to write-off the account reduces cash.

When is cash reported on the statement of cash flows?

Cash will be reported on the statement of cash flows for the month of November.

When will liability be reported on balance sheet?

A liability will be reported on the balance sheet at the end of October.

Did operating income change by payment to suppliers?

Operating income was not changed by the payment to the suppliers.