Which of the following is an example of an expense? Select one: a. the cost of...

Which of the following is an example of an expense?

Select one:

a. the cost of a proposed advertising campaign

b. the cost of a product delivered to a customer

c. the cost of the purchase of equipment

d. the write-off of an obsolete product

Solutions

Expert Solution

Answer is b.

a. The cost of a proposed advertising campaign is not a current year expensen, because it is to be treated as expenses , when it will incurred.

c. The cost of the purchase of equipment is an Capital expenses.

d. The write-off of an obsolute product is a losses.

b. The cost of a product delivered to a customer is the corect example of an expenses

ekkarill92 answered 1 year ago

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