The operating expenses section of an income statement for a merchandising company would include which of the following:

a. freight -out

b. freight -in

c. cost of goods sold

d. onl a and c are correct

e. only b and c are correct

The operating expenses section of an income statement for a merchandising company would not include which of the following:

a. rent expense

b. unearned revenue

c. utilities expense

d. freight-out

e. insurance expense