Operating expenses are subdivided between selling expenses and general and administrative expenses when a multiple-step income statement is prepared. Identify each of the following items as a selling...


Operating expenses are subdivided between selling expenses and general and administrative expenses when a multiple-step income statement is prepared. Identify each of the following items as a selling expense (S) or general and administrative expense (G&A).


______ 1. Advertising expense


______ 2. Depreciation expense—store furniture and fixtures


______ 3. Office rent expense


______ 4. Office salaries expense


______ 5. Store rent expense


______ 6. Store salaries expense


______ 7. Insurance expense


______ 8. Supplies expense


______ 9. Utilities expense



May 04, 2022
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