Business Expenses: The costs that are incurred during the course of business are called business expenses. To earn revenue some expenses have to be incurred. Expense may be operating expense or non operating expense. To explain: Two example of expenses a business might incur.

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Chapter 1, Problem 24DQ

To determine

Business Expenses:

The costs that are incurred during the course of business are called business expenses. To earn revenue some expenses have to be incurred. Expense may be operating expense or non operating expense.

To explain: Two example of expenses a business might incur.

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