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Harold, a financial accountant at an automobile company, is asked to calculate the net income...

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Accounting

Harold, a financial accountant at an automobile company, is asked to calculate the net income of the company for a given period. He deducts the cost of goods sold from the revenue earned during that period. Before deducting the company's operating expenses from the gross profit, he deducts the rent and the insurance premium paid by the company during that period. In the given scenario, Harold deducted the company's from the company's operating expenses.
accrued expenses
administrative expenses
lestamentary expenses
selling expenses
image

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