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ncome statement for retail business The following expenses were incurred by a retail business during the year. In which expense section of the income statement
ncome statement for retail business
The following expenses were incurred by a retail business during the year. In which expense section of the income statement should each be reported: a selling expense, b administrative expense, or c other expense?
Expense Income Statement Expense Section
Advertising expense
Depreciation expense on store equipment
Insurance expense on office equipment
Interest expense on notes payable
Rent expense on office building
Salaries of office personnel
Salary of sales manager
Sales supplies used
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