Chapter 5, Problem 5.2IFRS

For each of the following income statement line items, state whether the item is a “by nature” expense item or a “by function” expense item.

________ Cost of goods sold.

________ Depreciation expense.

________ Salaries and wages expense.

________ Selling expenses.

________ Utilities expense.

________ Delivery expense.

________ General and administrative expenses.