M w Turer quesuun win Ove this response. Question 3 Which of the following is not true about expenses in Income statement? O A Companies that have very high expenses would have less net profit OB. Selling expenses must be included before admin expenses O c. Some salarios are part of admin expenses while some are part of selling expenses. OD Admin expenses are usually separated from selling expenses Moving to another question will save this response. II 9 A Moving to another question will save this response. Question 9 Which of the following is not true about Net profit? O A. It may be fully kept as retained earnings B. It is determined in the income statement O c Income tax is deducted after the net profit OD. All net profit may be taken as dividend by shareholders Moving to another question will save this response C