For each of the following income statement line items, state whether the item is a by nature
Question:
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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Related Book For
Financial Accounting
ISBN: 9781118953907
8th Edition
Authors: Paul D Kimmel, Jerry J Weygandt, Donald E Kieso
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