The direct costs incurred with creating a product and the indirect costs incurred to operate the business are the ________
A) cost of goods sold
B) selling expense
C) expenses
D) losses
E) operating expenses
Answer: C
Explanation: Expenses include both the direct costs associated with creating or purchasing products for sale and the indirect costs associated with operating the business.
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On January 1, 2017, Citywide Sales issued $25,000 in bonds for $29,800
These are eight-year bonds with a stated rate of 15% and pay semiannual interest. Citywide Sales uses the straight-line method to amortize the bond premium. On June 30, 2017, when Citywide makes the first payment to bondholders, what is the amount that will be reported as Interest Expense? A) $1,575 B) $1,875 C) $3,225 D) $1,225
In IM, ________ servers allow two users to locate each other
A) index B) relay C) presence D) All of the above