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.
Slender, attractive actress Margaret Avery, spellbinding in her role of Shug in Steven Spielberg's The Color Purple (1985), is certainly no one-hit wonder.
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.