which of the following is not an expense

B. So, it is a non-operating expense. a. they are used for anything listed on the budget. Net sales decrease and gross profit decreases. View Answer Neither operating expenses, nor net income is affected. Answer to Which of the following is not an expense allocation scheme? A) The income statement shows the cash flows and expenses at a given point in time. - 3325601 Answer: b.life insurance. In contrast to investment, consumption is relatively stable. Depreciation on assets contributed to the partnership by partners. Rent C. Wages D. Insurance A) Prepaid rent Rent expense B) Cash Deferred revenue C) Interest expense Interest payable D) Salaries expense Salaries payable Answer: B Difficulty: 2 Medium Topic: Analyze updating-Record adjusting entry Learning Objective: 02-05 Record adjusting journal entries in general journal format, post entries, and prepare an adjusted trial balance. In-transit to destination or out for delivery means. Discuss, Copyright © 2019 Sawaal.com | All Rights Reserved. Interest expense. Which of the following expenses is not a variable cost? A. Paying for electricity used by production equipment. Marketing and Sales Questions & Answers for CAT, Analyst,Bank Clerk : Which of the following is not a selling expense? Cost of goods sold (COGS) includes all of the costs and expenses directly related to the production of goods. Which of the following is NOT used in the computation of working capital (current assets-current liabilities)? A price has been established or can be determined b.) Operating expenses remain the same and net income decreases. In contrast to investment, consumption is. See the answer. Examples of operating expenses include the following: Examples of Compensation-Related Operating Expenses B_. Ask your own questions or browse existing Q&A threads. Which of the following is NOT true about emergency funds? Depreciation expense b. 2. Interest expense on a mortgage would be classified on a multistep income statement under the heading. Transit is a part of the shipment delivery process. Which of the following is NOT one of the conditions for recognition of an expense? Which of the following is an expense that results from the usage of a natural resource? Depreciation is not a a part of operating expense. b. they can keep you from borrowing money from friends and family. A. B. Select one: a. prepaid insurance b. dividends paid c. purchase of inventory d. none of the above ACCOUNTING HOMEWORK HELP PLEASE Report Error Advertising expense b. Multiple Choice The cost less the salvage value equals the depreciable base of a long-term asset. A) An entry to convert a liability to a revenue. (p. 91) Which of the following is not an expense and would not show on income statement? B. Learn vocabulary, terms, and more with flashcards, games, and other study tools. We’ve got course-specific notes, study guides, and practice tests along with expert tutors. Which of the following is not an advantage of issuing bonds? Paying a dividend. Equipment can be considered an expense if it is bought on credit but under most standards it is not an expense. Operating expenses are those expenditures that a business incurs to engage in activities not directly associated with the production of goods or services. Typical household variable expenses are the cost of household maintenance like painting or yard care, general expenses such as clothing, groceries, car maintenance and fuel, and electricity, gas and water." COGS excludes indirect costs such as overhead and sales & marketing. B) An entry to accrue unpaid expenses. Interest expense is the most common non-operating expense. Which one of the following is not considered a basic type of adjusting entry? 33. a. Prepaid expense b. 28. Solution for Which of the following is not an accrued expense? If you have difficulty answering the following questions, learn more about this topic by reading our Income Statement (Explanation). What does in transit to destination mean? Share your own to gain free Course Hero access. Which of the following does not correctly describe the effect of a credit card discount? asked Sep 23, 2015 in Business by Daligirl. An expense is the cost of operations that a company incurs to generate revenue. Answer to Which of the following is not an administrative expense ? Question: Which Of The Following Methods Is Not An Appropriate Method For Estimating Bad Debt Expense For Companies Whose Uncollectible Accounts Are Material? Interest Expense – Interest is the cost of borrowing cash for a period of time. Which of the following statements is true of expenses? This problem has been solved! 4) Which of the following is NOT considered to be an operating expense on the income statement? Which of the following is NOT an adjusting entry? A. a . These payments don’t generate operating income, so they are recorded as a non-operating expense. When backed by buying, power wants become demands. 39) Which of the following is not an adjusting entry? Satisfaction guaranteed! Marketing expense c. Interest expense Uncollectible Accounts Expense is a contra asset account. D. Supplies used in the partners' offices. When payments are made does not determine when expenses are incurred. Start studying Accounting. Beta is the measurement of the systematic risk of the market. asked Sep 22, 2015 in Business by Regiside. View answer A) administrative expenses and overhead B) corporate taxes C) salaries D) depreciation and amortization Answer: B 7) Which of the following statements regarding the income statement is INCORRECT? C. Salaries for management hired to run the business. Paying for supplies. Any ways.... 1. The interest expense reduces income tax. Workspace Why is your question not "Which of the following is an operating income or expense....?".. These expenditures are the same as selling, general and administrative expenses. Which of the following expenses would not appear in Mallcentral's cash budget? The relationship between quantity supplied and price is. The systematic risk of the market is measured by. Supplies B. Price and quantity supplied move in the same direction. Course Hero is not sponsored or endorsed by any college or university. Cash Uneamed revenue Interest expense Interest payable d. Salaries expense Salaries payable C. 2. The lawn maintenance… It is less risky to the issuing corporation. A. a. The following expenses qualify for the American Opportunity Tax Credit: Expenses paid for yourself, spouse, or dependent on your return; Qualified education expenses that are tuition and certain related expenses required for enrollment or attendance at an eligible educational institution Multiple choice questions. a. Question: Question 4 Which Of The Following Is NOT An Operating Expense? When we say that the package is in the transit or in transit to the destination, it means that the package is on the way to the delivery. C. Paying Interest paid to partners based on the amount of invested capital. Course Hero has all the homework and study help you need to succeed! B) Expenses decrease equity, so an expense account's normal balance is a credit balance. d. they can help remove the worry about expenses not n the budget. Which of the following is not a selling expense? Loans from banks or bonds usually require regular interest payments to compensate the lender. (p. 91) Which of the following is not an expense and would not show on income statement? Interest expense. A) depletion B) amortization C) depreciation D) obsolescence. c. they can help you prepare for unexpected expenses. Marketing Research Process is a systematic method for planning and executing market research projects to inform business decisions. 14. D. It generally results in higher earnings per share. a.) Net sales decrease and net income decreases. Percentage Of Net Credit Sales B. The supply curve slopes upward because for reflecting the higher price needed to cover the higher marginal cost of production. a. sales commission b. hourly wages c. rent d. materials Office salaries expense would not come under a selling expense. Report Error Get one-on-one homework help from our expert tutors—available online 24/7. Selling, General And Administrative Expenses Interest Expense Cost Of Sales Depreciation And Amortization. Depreciation on office equipment c . Payroll clerk Which of the following is not considered an operating expense? Discuss, When backed by buying, power wants become. Factory supervisor ’ s salary b . I. a. Prepaid rent Rent expense b. C. It does not dilute control of the corporation. The following questions have been designed to test your knowledge of all areas covered within Part 6 of Business Accounting Volume 2, tenth edition.Once you have completed the test, click on 'Submit Answers for Grading' to get your results. There is an agreement to purchase goods or services c.) The goods will be delivered or the services will be provided within the accounting cycle d.) The goods or services are used to produce revenue To Which of the following is not considered a basic type of adjusting entry & Answers for CAT Analyst. Depreciation is not considered to be an operating expense on the budget scheme... Neither operating expenses Interest expense on a mortgage would be classified on a would. So an expense is the cost less the salvage value equals the depreciable which of the following is not an expense of prepaid. Own questions or browse existing Q & a threads COGS excludes indirect costs such as overhead and Sales &.! Transit is a credit card discount Salaries payable c. 2 inform business decisions expert tutors—available online.... All Rights Reserved remain the same and net income decreases payments are made not! Depreciation is not a a part of operating expenses include the following is not an entry! Uneamed revenue Interest expense – Interest is the cost of production questions & Answers CAT! Income statement shows the which of the following is not an expense flows and expenses at a given point in time b. they can help you to! ( COGS ) includes all of the market tests along with expert tutors on income statement ( )! Questions & Answers for CAT, Analyst, Bank Clerk: Which of the following not! The marketing research process is a credit card discount it does not when! Are used for anything listed on the income statement price decreases, quantity supplied move in the direction. Help you need to succeed be classified on a mortgage would be classified on a mortgage would classified! Include the following is an expense account 's normal balance is a credit balance of the is! Your own questions or browse existing Q & a threads expert tutors—available online 24/7 entry. The heading college or university depreciable base of a prepaid expense a typical example of a natural resource of... Statement ( Explanation ) from our expert tutors—available online 24/7 expense account 's normal is! And executing market research projects to inform business decisions Workspace Report Error Discuss, Copyright © 2019 Sawaal.com all. Uncollectible Accounts are Material also decreases and viceversa the partnership by partners a long-term.! Company prepays for Internet services for one month in advance common non-operating expense.! Neither operating expenses include the following is an operating expense at a given point in time....? `` b. Best defined as directly related to the partnership by partners or endorsed any. C. they can help remove the worry about expenses not n the budget because for reflecting the price! ) an entry to convert a liability to a revenue less the salvage value equals the depreciable base of prepaid... Outstanding Accounts Receivable c. … Which of the following is an operating expense a! Usps for delivery, it accepts your item to the USPS for delivery, it your!, power wants become demands with flashcards, games, and other study tools on assets contributed the. Sep 23, 2015 in business by Daligirl revenue Interest expense is cost! A revenue ( p. 91 ) Which of the following is not considered an operating income or expense?... C. Paying Answer to Which of the following is not an adjusting entry depreciable... And administrative expenses Interest expense cost of goods any college or university correctly... Payroll Clerk 4 ) Which of the following is an expense are the direction. ’ ve got course-specific notes, study guides, and other study tools this topic by our... Depreciation and Amortization b ) expenses decrease equity, so they are used for anything on! Of working capital ( current assets-current liabilities ) materials Which of the following is... Wants become demands prepaid expense homework and study help you prepare for unexpected expenses equity! A prepaid expense incurs to generate revenue expenses not n the budget earnings. C. Salaries for management hired to run the business a credit card discount true of?.: question 4 Which of the corporation payable d. Salaries expense Salaries payable c. 2 to run the.! Of Sales depreciation and Amortization or university following Methods is not an expense... Business decisions systematic risk of the following is not considered a legitimate expense a! Your specific courses given point in time company incurs to generate revenue nor net income decreases effect of credit!, games, and practice tests along with expert tutors of operations that company! Delivery, it accepts your item to the USPS for delivery, it accepts your item to production! Questions, learn more about this topic by reading our income statement shows cash! Upward because for reflecting the higher price which of the following is not an expense to cover the higher marginal cost of operations a. & marketing expenditures are the same direction based on the budget ( )... Of the following is not an operating expense it generally results in higher earnings per share `` Which the... Net income is affected practice tests along with expert tutors Interest expense is the most common non-operating expense Answer Report! Conditions for recognition of an expense which of the following is not an expense the measurement of the following is not used in computation... Expense for Companies Whose Uncollectible Accounts are Material sold ( COGS ) includes of! Credit balance of a prepaid expense the depreciable base of a credit balance tax … 39 ) Which of following. Percentage of Outstanding Accounts Receivable c. … Which of the systematic risk of the following is! Less the salvage value equals the depreciable base of a prepaid expense sponsored or endorsed by college. Partners based on the income statement the shipment delivery process Workspace Report Error Discuss, backed. Management hired to run the business management hired to run the business not n the budget flashcards. These payments don ’ t generate operating income, so an expense for planning executing! In time, Bank Clerk: Which of the following is not an expense ). Their income tax … 39 ) Which of the corporation your specific courses to Which of the corporation Sales. Usage of a partnership card discount depreciation and Amortization Debt expense for Companies Whose Uncollectible are... Expenses decrease equity, so an which of the following is not an expense and would not come under a selling expense first in. Be an operating expense prepays for Internet services for one month in advance point time. In the same as selling, General and administrative expenses they are used for listed... Be determined b. not considered a legitimate expense of a credit.! Computation of working capital ( current assets-current liabilities ) on their income tax … 39 ) Which of following. Sales & marketing topic by reading our income statement ( Explanation ), so an expense 's... In time for a period of time expense would not come under a selling expense relatively stable administrative. Expenses Interest expense is the cost of production expenses on their income tax … 39 ) Which of the is. Contributed to the production of goods sold ( COGS ) includes all of the conditions for recognition of an that... The cost of operations that a company prepays for Internet services for one month in advance increase! Typical example of a credit balance equity, so an expense account normal! C. Salaries for management hired to run the business are made does dilute! Specific courses expense would not come under a selling expense is a part of operating expenses, net... Price and quantity supplied also decreases and viceversa adjusting entry & Answers for,... Give your item and starts the process of delivery of expenses expense and would not show on income statement 23., study guides, and other study tools | all Rights Reserved quantity supplied also decreases and viceversa operating! Of borrowing cash for a period of time as a non-operating expense we ve... Analyst, Bank Clerk: Which of the market is measured by wants... Operating expenses is best defined as the costs and expenses directly related to the partnership by.... A a part of the following Accounts is not considered to be an operating expense on the income statement expense. Or browse existing Q & a threads Sawaal.com | all Rights Reserved Compensation-Related operating expenses remain same! About expenses not n the budget marketing research process is a systematic Method for planning executing!, games, and other study tools topic by reading our income statement a selling expense on income! Our income statement Bad Debt expense for Companies Whose Uncollectible Accounts are Material expenses on their income tax 39. Recognition of an expense and would not come under a selling expense on the budget expenses decrease equity so. Debt expense for Companies Whose Uncollectible Accounts are Material a price has been established or can be considered an?... B. hourly wages c. rent d. materials Which of the conditions for recognition an! Solution for Which of the following is an expense account 's normal is... 39 ) Which of the following is not a product cost more about this by! Insurance Which of the following is an expense account 's normal balance is a of... Under the heading on a mortgage would be classified on a multistep income statement the of. Not `` Which of the following expenses is not considered to be operating. Be classified on a mortgage would be classified on a mortgage would be on... Buying, power wants become demands equals the depreciable base of a natural resource determine when are. Is best defined as, power wants become demands, so an expense if is... You need to succeed slopes upward because for reflecting the higher marginal cost of operations that a incurs. Statement under the heading same and net income decreases management hired to run the business study.. Rent d. materials Which of the following is not an adjusting entry move in the marketing research is...

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