=+E4-7 Income statement for merchandiser Obj 2 The following expenses were incurred by a merchandising business during

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=+E4-7 Income statement for merchandiser Obj 2 The following expenses were incurred by a merchandising business during the year. In which expense section ofthe income statement should each be reported:

(a) selling,

(b) administrative, or

(c) other?

1. Advertising expense.

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