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The following expenses were incurred by a retail business during the year. Classify whether they should be reported on the income statement as a selling
The following expenses were incurred by a retail business during the year. Classify whether they should be reported on the income statement as a selling expense, administrative expense, or other expense. a. Advertising expense b. Depreciation expense on office equipment c. Rent expense on office building d. Salary expense of sales manager e. Commissions expense paid to sales staff t. Interest expense on notes payable 9. Salary expense of office staff h. Office supplies expense Selling expense Selling expense Administrative expense Selling expense Selling expense Other expense Selling expense Selling expense
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