1.Which of the following represents the actual cost of merchandise that the company was able to sell during the period? cost of labor cost of sale cost of goods available for sale cost of good manufactured

1.Which of the following represents the actual cost of merchandise that the company was able to sell during the period? cost of labor cost of sale cost of goods available for sale cost of good manufactured

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

1.Which of the following represents the actual cost of merchandise that the company was able to sell during the period?

cost of labor

cost of sale

cost of goods available for sale

cost of good manufactured

2.Which of the following is NOT an operating expense?

cellphone load

electricity

advertising

interest expense

3.. Which of the following is considered as non-operating expense?

rent expense

interest expense

supplies expense

insurance expense

Please answer it completely

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