Indicate the classifications of each of the following expenses by writing the id
ID: 2504193 • Letter: I
Question
Indicate the classifications of each of the following expenses by writing the identifying letters in the answer column. The first answer is given as an example.
_A_ 0. Property tax on merchandise inventory.
___ 1. Sales commisions expense
___ 2. Office Salaries
___ 3. Insurance on building
___ 4. Interest Income
___ 5. Employer's share of FICA taxes on salespersons
___ 6. Billboard advertising the company name
___ 7. Bad debts expense
___ 8. Utilities Expense
Selection Key:
A. Direct Expense
B. Indirect Expense
C. Other Expense
Explanation / Answer
1-B
2-B
3-B
4-B
5-B
6-B
7-B
8-A