The operating expense section of an income statement for a wholesaler would not include: a....
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Accounting
The operating expense section of an income statement for a wholesaler would not include:
a. freight-out. b. utilities expense. c. cost of goods sold. (answer) d. insurance expense. e. office expense.
answer-> C)cost of goods sold
Hi, can any help me with this question? I know the answer is C, but I am confused because I thought freight-out was not of the operating expense section of the income statement? I thought that only included expenses.
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