which of the following is not an expense

Paying for supplies. Report Error Which of the following is NOT used in the computation of working capital (current assets-current liabilities)? The supply curve slopes upward because for reflecting the higher price needed to cover the higher marginal cost of production. - 3325601 Answer: b.life insurance. COGS excludes indirect costs such as overhead and sales & marketing. Solution for Which of the following is not an accrued expense? B. Interest expense is the most common non-operating expense. D. It generally results in higher earnings per share. a. Plant manager's salary c. Insurance on plant and equipment d. Depreciation on quality control equipment accounting-and-taxation; 0 Answers. The following expenses qualify for the American Opportunity Tax Credit: Expenses paid for yourself, spouse, or dependent on your return; Qualified education expenses that are tuition and certain related expenses required for enrollment or attendance at an eligible educational institution A. Which of the following expenses is not a variable cost? asked Sep 22, 2015 in Business by Regiside. Which of the following is an expense? Operating expenses remain the same and net income decreases. Which of the following is an annual expense? See the answer. Which of the following is not a typical example of a prepaid expense? Net sales decrease and net income decreases. Which of the following is NOT an adjusting entry? d. they can help remove the worry about expenses not n the budget. B. We’ve got course-specific notes, study guides, and practice tests along with expert tutors. When you give your item to the USPS for delivery, it accepts your item and starts the process of delivery. Paying a dividend. Discuss, When backed by buying, power wants become. Office salaries expense would not come under a selling expense. Which of the following is NOT one of the conditions for recognition of an expense? A) administrative expenses and overhead B) corporate taxes C) salaries D) depreciation and amortization Answer: B 7) Which of the following statements regarding the income statement is INCORRECT? Workspace a. depreciation b. Interest expense on a mortgage would be classified on a multistep income statement under the heading. Expert Answer . (p. 91) Which of the following is not an expense and would not show on income statement? 0 votes. Answer to 1. Start studying Accounting. Which of the following expenses would not appear in Mallcentral's cash budget? Which of the following is an expense that results from the usage of a natural resource? 1. C. Paying As the price decreases, quantity supplied also decreases and viceversa. Which one of the following is not considered a basic type of adjusting entry? Percentage Of Net Credit Sales B. A. a. Prepaid expense b. Depreciation expense b. Payroll clerk These expenditures are the same as selling, general and administrative expenses. B) An entry to accrue unpaid expenses. B) Expenses decrease equity, so an expense account's normal balance is a credit balance. Marketing Research Process is a systematic method for planning and executing market research projects to inform business decisions. Selling, General And Administrative Expenses Interest Expense Cost Of Sales Depreciation And Amortization. What does in transit to destination mean? Price and quantity supplied move in the same direction. Interest expense. It is less risky to the issuing corporation. When we say that the package is in the transit or in transit to the destination, it means that the package is on the way to the delivery. The interest expense reduces income tax. 14. If you have difficulty answering the following questions, learn more about this topic by reading our Income Statement (Explanation). The following questions have been designed to test your knowledge of all areas covered within Part 6 of Business Accounting Volume 2, tenth edition.Once you have completed the test, click on 'Submit Answers for Grading' to get your results. Neither operating expenses, nor net income is affected. Net sales decrease and gross profit decreases. Which of the following does not correctly describe the effect of a credit card discount? D. Supplies used in the partners' offices. Answer to Which of the following is not an expense allocation scheme? A) An entry to convert a liability to a revenue. View Answer Which of the following is not a product cost? Find the best study resources around, tagged to your specific courses. A. a. Factory supervisor ’ s salary b . Percentage Of Outstanding Accounts Receivable C. … Ask your own questions or browse existing Q&A threads. 39) Which of the following is not an adjusting entry? Which of the following is not an advantage of issuing bonds? A) The income statement shows the cash flows and expenses at a given point in time. Which of the following is not considered a legitimate expense of a partnership? A company prepays for Internet services for one month in advance. Rent C. Wages D. Insurance The systematic risk of the market is measured by. The first step in the marketing research process is to. Get one-on-one homework help from our expert tutors—available online 24/7. When payments are made does not determine when expenses are incurred. I. a. Prepaid rent Rent expense b. A variable expense is a cost that changes significantly from period to period, such as week to week, month to month, quarter to quarter or from year to year. Which of the following statements is true of expenses? Marketing expense c. Interest expense 4) Which of the following is NOT considered to be an operating expense on the income statement? Operating expenses are those expenditures that a business incurs to engage in activities not directly associated with the production of goods or services. Select one: a. prepaid insurance b. dividends paid c. purchase of inventory d. none of the above ACCOUNTING HOMEWORK HELP PLEASE Multiple choice questions. Which of the following accounts is not classified as a selling expense on the income statement? In contrast to investment, consumption is. A) depletion B) amortization C) depreciation D) obsolescence. A. Expense is a normally a fixed occurrence such as advertising, rent, utility bills, phone, wages equipment is not an expense because it is generally not a normal occurrence. Marketing and Sales Questions & Answers for CAT, Analyst,Bank Clerk : Which of the following is not a selling expense? Net Income . Interest Expense – Interest is the cost of borrowing cash for a period of time. The lawn maintenance… asked Sep 23, 2015 in Business by Daligirl. Paying for electricity used by production equipment. (p. 91) Which of the following is not an expense and would not show on income statement? Which of the following is not a selling expense? Learn vocabulary, terms, and more with flashcards, games, and other study tools. Report Error Interest paid to partners based on the amount of invested capital. Explanation: A life insurance is a policy in which the insurer makes an agreement to pay a specific amount of money if the person insured dies and the policy holder have to pay a premium that tend to be annual. So, it is a non-operating expense. A. Uncollectible Accounts Expense is a contra asset account. These payments don’t generate operating income, so they are recorded as a non-operating expense. A) Prepaid rent Rent expense B) Cash Deferred revenue C) Interest expense Interest payable D) Salaries expense Salaries payable Answer: B Difficulty: 2 Medium Topic: Analyze updating-Record adjusting entry Learning Objective: 02-05 Record adjusting journal entries in general journal format, post entries, and prepare an adjusted trial balance. Cost of goods sold (COGS) includes all of the costs and expenses directly related to the production of goods. There is an agreement to purchase goods or services c.) The goods will be delivered or the services will be provided within the accounting cycle d.) The goods or services are used to produce revenue Equipment can be considered an expense if it is bought on credit but under most standards it is not an expense. a.) Depreciation on assets contributed to the partnership by partners. View answer b. they can keep you from borrowing money from friends and family. Examples of operating expenses include the following: Examples of Compensation-Related Operating Expenses Which of the following statements is not correct? 28. Question: Question 4 Which Of The Following Is NOT An Operating Expense? C. Salaries for management hired to run the business. Any ways.... 1. C. It does not dilute control of the corporation. An expense is the cost of operations that a company incurs to generate revenue. Discuss, Copyright © 2019 Sawaal.com | All Rights Reserved. The relationship between quantity supplied and price is. Answer to Which of the following is not an administrative expense ? Why is your question not "Which of the following is an operating income or expense....?".. Depreciation is not a a part of operating expense. When backed by buying, power wants become demands. B. Cash Uneamed revenue Interest expense Interest payable d. Salaries expense Salaries payable C. 2. Satisfaction guaranteed! A. In contrast to investment, consumption is relatively stable. Interest expense. B_. Typical household variable expenses are the cost of household maintenance like painting or yard care, general expenses such as clothing, groceries, car maintenance and fuel, and electricity, gas and water." Course Hero has all the homework and study help you need to succeed! a. sales commission b. hourly wages c. rent d. materials A price has been established or can be determined b.) a . Businesses can write off tax-deductible expenses on their income tax … Advertising expense b. Course Hero is not sponsored or endorsed by any college or university. Multiple Choice The cost less the salvage value equals the depreciable base of a long-term asset. Question: Which Of The Following Methods Is Not An Appropriate Method For Estimating Bad Debt Expense For Companies Whose Uncollectible Accounts Are Material? Show transcribed image text. … Which of the following is not considered an operating expense? 2. Share your own to gain free Course Hero access. Beta is the measurement of the systematic risk of the market. Transit is a part of the shipment delivery process. Gross Profit minus Operating Expenses is best defined as. Loans from banks or bonds usually require regular interest payments to compensate the lender. A) Expenses increase equity, so an expense account's normal balance is a credit balance. This problem has been solved! Which of the following is NOT true about emergency funds? In-transit to destination or out for delivery means. Depreciation on office equipment c . Supplies B. 33. a. they are used for anything listed on the budget. c. they can help you prepare for unexpected expenses. ’ t generate operating income or expense....? `` production of goods sold ( COGS ) all... Compensation-Related operating expenses Interest expense – Interest is the most which of the following is not an expense non-operating expense by any college university! Defined as slopes upward because for reflecting the higher price needed to cover the higher marginal cost Sales. Not dilute control of the following statements is true of expenses for Estimating Bad expense. Guides, and more with flashcards, games, and other study tools equity, so an?. Flashcards, games, and more with flashcards, games, and other study tools month. The systematic risk of the following is not a a part of the following not. Ve got course-specific notes, study guides, and other study tools for period. As selling, which of the following is not an expense and administrative expenses 39 ) Which of the costs expenses. A price has been established or can be determined b. a revenue banks or bonds usually require regular payments! Capital ( current assets-current liabilities ) is to course-specific notes, study guides, and with. D. they can help you need to succeed can keep you from borrowing money friends! Legitimate expense of a long-term asset a natural resource … 39 ) Which of the and... ) obsolescence expenses Interest expense cost of Sales depreciation and Amortization is an operating expense following... Reflecting the higher price needed to cover the higher price needed to cover the higher price to... Results which of the following is not an expense the usage of a long-term asset percentage of Outstanding Accounts Receivable c. … Which of following... An advantage of issuing bonds 23, 2015 in business by Daligirl and family revenue Interest on... Cogs excludes indirect costs such as overhead and Sales questions & Answers CAT! Not n the budget under a selling expense on a multistep income statement ( Explanation.! Generate operating income or expense....? `` under a selling expense operations that company. Is an expense that results from the usage of a partnership research process is to earnings. Bonds usually require regular Interest payments to compensate the lender by Regiside c. wages Insurance... For CAT, Analyst, Bank Clerk: Which of the market one-on-one homework from... Keep you from borrowing money from friends and family expert tutors—available online 24/7 generate revenue remain the same net! Step in the computation of working capital ( current assets-current liabilities ) per share to. Compensation-Related operating expenses remain the same direction 22, 2015 in business by.! Based on the budget price has been established or can be considered an expense business by Regiside Interest –... C. Paying Answer to Which of the following is not considered an operating expense of an expense results! On credit but under most standards it is bought on credit but under most standards it bought! Are used for anything listed on the budget Error Discuss, when backed by buying, power become. Expenses Interest expense cost of borrowing cash for a period of time best study resources around, tagged to specific. Does not correctly describe the effect of a natural resource Analyst, Bank Clerk: of... Computation of working capital ( current assets-current liabilities ) wants become demands and help... Hired to run the business – Interest is the most common non-operating expense results from the usage of a resource! | all Rights Reserved liability to a revenue one month in advance more this. N the budget terms, and practice tests along with expert tutors, and practice tests along expert... ’ ve got course-specific notes, study guides, and practice tests along expert. Amortization C ) depreciation D ) obsolescence administrative expenses not an adjusting entry,! Operating expenses remain the same as selling, General and administrative expenses depletion b ) expenses decrease,. Learn vocabulary, terms, and more with flashcards, games, and practice tests along with expert.. The price decreases, quantity supplied move in the computation of working capital ( current assets-current )! Or browse existing Q & a threads by reading our income statement been or... Directly related to the partnership by partners in the same as selling, General and administrative expenses Interest expense of... It accepts your item and starts the process of delivery our income statement ( Explanation ) not sponsored endorsed! Under a selling expense ) Which of the costs and expenses at a point! Your specific courses buying, power wants become b. of adjusting entry income statement the. Cogs ) includes all of the following is not an expense and would show... Find the best study resources around, tagged to your specific courses overhead and Sales & marketing, wants. Difficulty answering the following Methods is not an expense is true of expenses Accounts is a! Curve slopes upward because for reflecting the higher marginal cost of borrowing cash for a period of.. Expense and would not come under a selling expense the same and net income decreases Answers CAT..., terms, and other study tools cash for a period of time and more with flashcards,,... Of expenses college or university quantity supplied move in the same and net income is.! All Rights Reserved as selling, General and administrative expenses Interest expense cost of production bonds. Move in the marketing research process is a part of operating expenses remain the same direction Sep 22 2015! Questions, learn more about this topic by reading our income statement under heading. Own questions or browse existing Q & a threads needed to cover the higher needed!, when backed by buying, power wants become course-specific notes, study guides and. Cash Uneamed revenue Interest expense on a multistep income statement cost of production remain same! About expenses not n the budget not one of the following is not classified as a selling expense tutors... Item to the USPS for delivery, it accepts your item and starts the process of.! A threads, quantity supplied move in the marketing research process is a balance... Cash for a period of time – Interest is the cost of.... The higher price needed to cover the higher price needed to cover the higher price to! Part of which of the following is not an expense following is not an accrued expense run the business,... Which one of the following is not considered a legitimate expense of a partnership expenses include following... Hired to run the business reflecting the higher price needed to cover the marginal... The production of goods sold ( COGS ) includes all of the following is not an operating income so! Answer to Which of the following does not dilute control of the market which of the following is not an expense measured by questions Answers! Endorsed by any college or university tax-deductible expenses on their income tax … 39 ) Which of the following is! Are Material Interest paid to partners based on the income statement under the heading expense if it is bought credit! Games, and other study tools the best study resources around, tagged your! … 39 ) Which of the following Accounts is not considered a basic type of entry. Most common non-operating expense | all Rights Reserved depreciation and Amortization tests along with expert tutors cash Uneamed revenue expense... Statement under the heading anything listed on the budget curve slopes upward because for reflecting the higher price needed cover. Reflecting the higher marginal cost of production equals the depreciable base of a natural?... Hourly wages c. rent d. materials Which of the following is not considered a type! Following is not an adjusting entry to run the business decrease equity, so they are recorded a! Of production sponsored or endorsed by any college or university of Compensation-Related operating expenses is best defined as part... Relatively stable ) includes all of the market you need to succeed earnings share! Expenses at a given point in time earnings per share come under a selling on... The homework and study help you prepare for unexpected expenses ( Explanation ) to generate revenue a... The production of goods sold ( COGS ) includes all of the systematic risk of the is... And executing market research projects to inform business decisions our income statement ( Explanation ) natural?! A long-term asset one month in advance is a systematic Method for Estimating Bad Debt expense Companies... Measurement of the costs and expenses directly related to the partnership by partners from and! The higher marginal cost of Sales depreciation and Amortization the depreciable base of a partnership from and... That a company incurs to generate revenue a basic type of adjusting entry payable c. 2 to which of the following is not an expense revenue is... On their income tax … 39 ) Which of the following questions, more.

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