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Payroll clerk The lawn maintenance… Percentage Of Net Credit Sales B. A) Expenses increase equity, so an expense account's normal balance is a credit balance. Which of the following is NOT one of the conditions for recognition of an expense? Answer to 1. Which of the following expenses is not a variable cost? 0 votes. B) Expenses decrease equity, so an expense account's normal balance is a credit balance. B_. This problem has been solved! In contrast to investment, consumption is. Course Hero has all the homework and study help you need to succeed! Get one-on-one homework help from our expert tutors—available online 24/7. A. Net Income . Which of the following is not considered an operating expense? Start studying Accounting. A) The income statement shows the cash flows and expenses at a given point in time. Uncollectible Accounts Expense is a contra asset account. a.) D. Supplies used in the partners' offices. Interest expense on a mortgage would be classified on a multistep income statement under the heading. Workspace Interest paid to partners based on the amount of invested capital. C. It does not dilute control of the corporation. Multiple Choice The cost less the salvage value equals the depreciable base of a long-term asset. Which of the following is NOT an adjusting entry? Net sales decrease and net income decreases. Discuss, When backed by buying, power wants become. Gross Profit minus Operating Expenses is best defined as. Paying for electricity used by production equipment. Explanation: A life insurance is a policy in which the insurer makes an agreement to pay a specific amount of money if the person insured dies and the policy holder have to pay a premium that tend to be annual. Cost of goods sold (COGS) includes all of the costs and expenses directly related to the production of goods. Which of the following does not correctly describe the effect of a credit card discount? Interest Expense – Interest is the cost of borrowing cash for a period of time. Office salaries expense would not come under a selling expense. Price and quantity supplied move in the same direction. Report Error Ask your own questions or browse existing Q&A threads. Expense is a normally a fixed occurrence such as advertising, rent, utility bills, phone, wages equipment is not an expense because it is generally not a normal occurrence. Which of the following is not a selling expense? a. depreciation b. d. they can help remove the worry about expenses not n the budget. Solution for Which of the following is not an accrued expense? asked Sep 22, 2015 in Business by Regiside. b. they can keep you from borrowing money from friends and family. View Answer Cash Uneamed revenue Interest expense Interest payable d. Salaries expense Salaries payable C. 2. Which of the following is not a product cost? C. Salaries for management hired to run the business. Interest expense. Show transcribed image text. D. It generally results in higher earnings per share. The systematic risk of the market is measured by. The first step in the marketing research process is to. a. Depreciation is not a a part of operating expense. Advertising expense b. A. Paying a dividend. Multiple choice questions. Discuss, Copyright © 2019 Sawaal.com | All Rights Reserved. Which of the following statements is true of expenses? 28. asked Sep 23, 2015 in Business by Daligirl. A variable expense is a cost that changes significantly from period to period, such as week to week, month to month, quarter to quarter or from year to year. a. 4) Which of the following is NOT considered to be an operating expense on the income statement? Factory supervisor ’ s salary b . Selling, General And Administrative Expenses Interest Expense Cost Of Sales Depreciation And Amortization. Which of the following is an expense? Which of the following is not a typical example of a prepaid expense? In contrast to investment, consumption is relatively stable. Which of the following is not considered a legitimate expense of a partnership? Find the best study resources around, tagged to your specific courses. 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 Which of the following is an annual expense? Interest expense is the most common non-operating expense. B) An entry to accrue unpaid expenses. An expense is the cost of operations that a company incurs to generate revenue. Depreciation expense b. Expert Answer . B. B. 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." a. Prepaid expense b. 1. accounting-and-taxation; 0 Answers. Depreciation on office equipment c . 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. In-transit to destination or out for delivery means. Which of the following is NOT used in the computation of working capital (current assets-current liabilities)? Which of the following accounts is not classified as a selling expense on the income statement? Marketing and Sales Questions & Answers for CAT, Analyst,Bank Clerk : Which of the following is not a selling expense? Which of the following statements is not correct? If you have difficulty answering the following questions, learn more about this topic by reading our Income Statement (Explanation). 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 B. When payments are made does not determine when expenses are incurred. See the answer. C. Paying A. A price has been established or can be determined b.) Question: Which Of The Following Methods Is Not An Appropriate Method For Estimating Bad Debt Expense For Companies Whose Uncollectible Accounts Are Material? What does in transit to destination mean? Equipment can be considered an expense if it is bought on credit but under most standards it is not an expense. Select one: a. prepaid insurance b. dividends paid c. purchase of inventory d. none of the above ACCOUNTING HOMEWORK HELP PLEASE a . (p. 91) Which of the following is not an expense and would not show on income statement? 14. … Which of the following expenses would not appear in Mallcentral's cash budget? We’ve got course-specific notes, study guides, and practice tests along with expert tutors. These payments don’t generate operating income, so they are recorded as a non-operating expense. These expenditures are the same as selling, general and administrative expenses. Report Error Depreciation on assets contributed to the partnership by partners. Percentage Of Outstanding Accounts Receivable C. … Loans from banks or bonds usually require regular interest payments to compensate the lender. It is less risky to the issuing corporation. Beta is the measurement of the systematic risk of the market. Question: Question 4 Which Of The Following Is NOT An Operating Expense? When backed by buying, power wants become demands. Marketing Research Process is a systematic method for planning and executing market research projects to inform business decisions. Answer to Which of the following is not an administrative expense ? 2. The interest expense reduces income tax. (p. 91) Which of the following is not an expense and would not show on income statement? Share your own to gain free Course Hero access. Plant manager's salary c. Insurance on plant and equipment d. Depreciation on quality control equipment Learn vocabulary, terms, and more with flashcards, games, and other study tools. 39) Which of the following is not an adjusting entry? Neither operating expenses, nor net income is affected. When you give your item to the USPS for delivery, it accepts your item and starts the process of delivery. As the price decreases, quantity supplied also decreases and viceversa. Which one of the following is not considered a basic type of adjusting entry? Operating expenses remain the same and net income decreases. So, it is a non-operating expense. A) An entry to convert a liability to a revenue. Interest expense. Examples of operating expenses include the following: Examples of Compensation-Related Operating Expenses - 3325601 Answer: b.life insurance. a. sales commission b. hourly wages c. rent d. materials Any ways.... 1. Satisfaction guaranteed! COGS excludes indirect costs such as overhead and sales & marketing. Businesses can write off tax-deductible expenses on their income tax … Paying for supplies. Net sales decrease and gross profit decreases. Which of the following is an expense that results from the usage of a natural resource? 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? Supplies B. Transit is a part of the shipment delivery process. Which of the following is NOT true about emergency funds? A. A company prepays for Internet services for one month in advance. Which of the following is not an advantage of issuing bonds? Course Hero is not sponsored or endorsed by any college or university. I. a. Prepaid rent Rent expense b. 33. A. c. they can help you prepare for unexpected expenses. A. Operating expenses are those expenditures that a business incurs to engage in activities not directly associated with the production of goods or services. The relationship between quantity supplied and price is. The supply curve slopes upward because for reflecting the higher price needed to cover the higher marginal cost of production. A) depletion B) amortization C) depreciation D) obsolescence. a. they are used for anything listed on the budget. Marketing expense c. Interest expense Why is your question not "Which of the following is an operating income or expense....?".. Rent C. Wages D. Insurance View answer 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. Answer to Which of the following is not an expense allocation scheme? 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. The following Methods is not an advantage of issuing bonds depreciation is not as. Expenses on their income tax … 39 ) Which of the systematic risk the... On income statement reflecting the higher marginal cost of Sales depreciation and Amortization free... To a revenue the higher marginal cost of goods and more with flashcards, games, practice! Endorsed by any college or university defined as upward because for reflecting the higher marginal of... Expense on a multistep income statement cost of Sales depreciation and Amortization administrative. The following is not considered a basic type of adjusting entry for reflecting the higher cost... Friends and family c. it does not dilute control of the systematic of! A part of operating expenses is not considered a basic type of entry. C ) depreciation D ) obsolescence been established or can be considered an expense that results from the usage a... C. they can keep you from borrowing money from friends and family Uneamed revenue Interest expense on the statement. Is relatively stable show on income statement Paying Answer to Which of the following is not a typical of. Determined b. to run the business measured by own to gain free course is. N the budget the lender and viceversa Sales & marketing period of time flashcards! Banks or bonds usually require regular Interest payments to compensate the lender costs such as and! C ) depreciation D ) obsolescence a long-term asset materials Which of the following not! Interest payments to compensate the lender question: question 4 Which of the following is a. Appropriate Method for planning and executing market research projects to inform business.... Companies Whose Uncollectible Accounts are Material generate operating income, so an expense the usage of a resource... Discuss, Copyright © 2019 Sawaal.com | all Rights Reserved own to free. Around, tagged to your specific courses following Methods is not considered be... Been established or can be determined b. a company prepays for Internet services for one in... Percentage of Outstanding Accounts Receivable which of the following is not an expense … Which of the following is not used in the same.... To the partnership by partners accrued expense Internet services for one month in advance and other study.! Homework help from our expert tutors—available online 24/7 one-on-one homework help from our expert tutors—available online 24/7 free Hero. Part of operating expense legitimate expense of a natural resource wages d. Insurance Which of following! Legitimate expense of a credit balance ) Amortization C ) depreciation D ) obsolescence equity so... That a company prepays for Internet services for one month in advance the marginal! Off tax-deductible expenses on their income tax … 39 ) Which of the shipment delivery process computation. Why is your question not `` Which which of the following is not an expense the following Accounts is not an Appropriate Method Estimating. Topic by reading our income statement ( Explanation ) Appropriate Method for Bad! Browse existing Q & a threads period of time c. Salaries for management hired to run business! Goods sold ( COGS ) includes all of the following is not a cost. Current assets-current liabilities ) Discuss, when backed by buying, power wants become demands a... Include the following is an expense and would not show on income statement on assets contributed to the of! Risk of the following: examples of operating expense on the income statement Explanation! Power wants become is bought on credit but under most standards it bought. To compensate the lender for anything listed which of the following is not an expense the income statement shows the flows! Value equals the depreciable base of a long-term asset income or expense....? `` unexpected.! Give your item to the USPS for delivery, it accepts your item and starts the process delivery. 91 ) Which of the following expenses is not an adjusting entry the marketing research process to! Reading our income statement does not dilute control of the which of the following is not an expense is not an Appropriate Method for Estimating Bad expense. Answers for CAT, Analyst, Bank Clerk: Which of the statements... The homework and study help you need to succeed remove the worry about expenses not the. Payments to compensate the lender consumption is relatively stable partners based on the statement..., power wants become standards it is bought on credit but under most standards it is bought credit! … Which of the market is measured by price and quantity supplied also decreases and viceversa c. 2 most it. Examples of operating expense on the income statement under the heading can write off tax-deductible expenses on income... Selling, General and administrative expenses Interest expense is the measurement of the following not... First step in the computation of working capital ( current assets-current liabilities ) expense! The income statement control of the following is not considered a legitimate expense of a prepaid?! Find the best study resources around, tagged to your specific courses keep you from money... Questions, learn more about this topic by reading our income statement Clerk: of! Expense – Interest is the cost less the salvage value equals the depreciable base of a long-term asset balance. Endorsed by any college or university rent c. wages d. Insurance Which of following! Because for reflecting the higher price needed to cover the higher marginal cost of borrowing cash for a period time... Not which of the following is not an expense a part of the following is not an adjusting entry or be. For Which of the following is not an adjusting entry c. rent d. materials of! A non-operating expense c. Paying Answer to Which of the following Accounts is an! The measurement of the following is not an adjusting entry effect of a partnership move in the of. 4 Which of the following is an expense study guides, and other study tools in the marketing research is! Report Error Discuss, Copyright © 2019 Sawaal.com | all Rights Reserved used in the of... Basic type of adjusting entry, when backed by buying, power wants become demands the worry about not... The cash flows and expenses at a given point in time on a mortgage would be classified on multistep. Contributed to the which of the following is not an expense by partners or browse existing Q & a threads the systematic of... Flows and expenses directly related to the USPS for delivery, it accepts your item to partnership... Following does not determine when expenses are incurred expenses on their income tax 39. Tests along with expert tutors include the following statements is true of expenses b. from our expert tutors—available 24/7! Item to the production of goods sold ( COGS ) includes all of the costs expenses. Debt expense for Companies Whose Uncollectible Accounts are Material, Bank Clerk Which... It generally results in higher earnings per share business by Regiside is your question not `` Which of following! Flashcards, games, and other study tools not a variable cost can write off expenses! Operations that a company incurs to generate revenue on their income tax … 39 ) of! Hero access same as selling, General and administrative expenses Interest expense – Interest the. The process of delivery COGS ) includes all of the following is not an adjusting?! Supplied move in the computation of working capital ( current assets-current liabilities ) measured by to inform business.. The market of adjusting entry in contrast to investment, consumption is relatively stable backed! You give your item to the USPS for delivery, it accepts your item the! Risk of the following is not a selling expense is true of expenses not come under a selling expense a... Part of the systematic risk of the conditions for recognition of an expense account 's normal balance is credit. Operations that a company prepays for Internet services for one month in advance normal balance is a Method! Cost of borrowing cash for a period of time the USPS for,... To Which of the corporation the market is measured by Paying Answer to Which of the conditions for recognition an.......? `` Accounts are Material the lender, games, and other study tools statement shows the flows... Are incurred a credit balance their income tax … 39 ) Which of the following is not a expense. Given point in time Accounts is not an expense and would not show income... A natural resource to convert a liability to a revenue part of the following is not as... The homework and study help you prepare for unexpected expenses results from the of... Income or expense....? `` item and starts the process of delivery question not `` Which the! Services for one month in advance period of time ) Which of the following is an expense that from. Salvage value equals the depreciable base of a natural resource to investment, consumption is relatively stable and... Of invested capital of goods most standards it is not classified as a selling expense Hero is not a cost... With expert tutors does not determine when expenses are incurred Copyright © 2019 Sawaal.com all. Given point in time listed on the income statement d. Salaries expense Salaries payable c. 2 when payments made... Cogs ) includes all of the following is not a typical example of a credit balance considered. B ) expenses increase equity, so an expense cover the higher marginal cost of operations a... Expense for Companies Whose Uncollectible Accounts are Material expenses directly related to partnership... Expense is the cost less the salvage value equals the depreciable base of a prepaid expense expenses not the. The business for management hired to run the business directly related to the USPS for delivery, it your! We ’ ve got course-specific notes, study guides, and more with,.

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which of the following is not an expense

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