1 The revenues from the sale of merchandise must be matched with the cost of the merchandise that is sold. 2  Selling, general and administrative expenses (SG&A) . 3  These costs are reported as operating expenses on the income statement because they pertain to operating the main business during that accounting period.
1 1/29/2014 12:10 AM PST BY TMZ STAFF. Desreta Jackson is best known for playing the young version of Celie Johnson -- opposite Danny Glover -- in Steven Spielberg's 1985 drama The Color Purple.. Guess what she looks like now!
Edward Herrmann. Edward Herrmann -- perhaps best known for playing Richard Gilmore on  Gilmore Girls  -- died this morning in a hospital in New York. He was 71. Herrmann's family tells TMZ he had been battling brain cancer and had been in ICU for the last 3 1/2 weeks.