13. The salaries given to the nail specialist in #2 is considered part of a. Operating income b. Operating Expense c. General & Administrative Expense d. None of the above 14. Pepe is a Senior High School student who works as a part-time cook every week ends at a certain restaurant near their house and receives a pay of P500 which serves as his weekly allowance. On Friday night, he counted his money and found out that there's still P182.50 left from his money after a week-long class. This amount is to be treated as Gary's a. Gross Profit b. Net Income c. Operating Income d. None of the above
13. The salaries given to the nail specialist in #2 is considered part of a. Operating income b. Operating Expense c. General & Administrative Expense d. None of the above 14. Pepe is a Senior High School student who works as a part-time cook every week ends at a certain restaurant near their house and receives a pay of P500 which serves as his weekly allowance. On Friday night, he counted his money and found out that there's still P182.50 left from his money after a week-long class. This amount is to be treated as Gary's a. Gross Profit b. Net Income c. Operating Income d. None of the above
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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13. The salaries given to the nail specialist in #2 is considered part of
a. Operating income
b. Operating Expense
c. General & Administrative Expense
d. None of the above
14. Pepe is a Senior High School student who works as a part-time cook every week
ends at a certain restaurant near their house and receives a pay of P500 which serves
as his weekly allowance. On Friday night, he counted his money and found out that there's still P182.50 left from his money after a week-long class. This amount is to
be treated as Gary's
a. Gross Profit
b. Net Income
c. Operating Income
d. None of the above
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