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Question 2. (10 marks) Identify whether each of the following items of operating expense is described according to its NATURE. Type of operating expense Y/N

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Question 2. (10 marks) Identify whether each of the following items of operating expense is described according to its NATURE. Type of operating expense Y/N a. Cost of goods sold b. Delivery C. Employee wages and benefits d. Administration e. Building depreciation f. Utilities (electricity, heating, etc.) g. Marketing and advertising h. Sales commissions i . Raw materials consumed 1 . Insurance

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