Question
A. Included in Sales B. Included in Cost of goods sold (COGS) C. Included in Selling expenses D. Included in Admin expenses E. Included in
A. Included in Sales
B. Included in Cost of goods sold (COGS)
C. Included in Selling expenses D. Included in Admin expenses
E. Included in line items below EBIT (Earnings before Interest and Taxes)
F. Is not reported on the income statement
_____ 1 Depreciation of equipment used in the manufacturing process
_____ 2 Salaries of sales executives
_____ 3 Maintenance of delivery trucks
_____ 4 Compensation for Finance director
_____ 5 Electricity consumed in warehouses in distribution centers
_____ 6 Rent paid for land where the production plant is located
_____ 7 Revenues from products sold
_____ 8 Marketing expenses
_____ 9 Interest expense
_____10 Accumulated depreciation of building used for Head quarters
_____11 Income Tax
_____12 Accounts receivables from Sales of core products
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started