Two categories of expenses in merchandising companies are

Question 1 1. Two categories of expenses for merchandising companies are Select one answer: Oa. cost of goods sold and financ


Answer : C) Cost of Goods Sold and Operating Expenses Two Catagories of Expenses in the Merchandise company for the Preparation of Income Statement 1) Cost of Goods Sold : ( Includes the Product cost of Units Sold )

2) Operating Expenses : ( Includes the expenses of Selling and Administrative Expenses and other Expenses)

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