- Which of the following is the main operating expense of the business ? a) Cost of Merchandise Sold B) Exchange Losses NS) Long Term Borrowing Expenses D) Losses on the Sale of Securities TO) Commission Expenses

- Which of the following is the main operating expense of the business ? a) Cost of Merchandise Sold B) Exchange Losses NS) Long Term Borrowing Expenses D) Losses on the Sale of Securities TO) Commission Expenses

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

8 -

Which of the following is the main operating expense of the business ?

a)	Cost of Merchandise Sold

B)	Exchange Losses

NS)	Long Term Borrowing Expenses

D)	Losses on the Sale of Securities

TO)	Commission Expenses

Expert Solution

Step 1

Operating expenses are the expenses that a business incurs to carry on normal business operations. These normally cover day to day sales and purchases of an enterprise.

All the options have been discussed hereunder in Step 2:

Step by step

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