For each of the following income statement line items, state whether the item is a by nature

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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. ________ Utilities expense.

________ Depreciation expense. ________ Delivery expense.

________ Salaries and wages expense. ________ General and administrative expenses.

________ Selling expenses.

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Financial Accounting

ISBN: 9781118953907

8th Edition

Authors: Paul D Kimmel, Jerry J Weygandt, Donald E Kieso

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