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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

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