Operating expenses on the income statement consists of costs not directly required in the manufacturing or sale of goods or service. Common operating expenses include advertising, marketing, payroll, office supplies, accountants, lawyers, etc.
While familial searching is not performed at the national level, the following states currently perform familial searching at the state level: Arkansas, California, Colorado, Florida, Michigan, Texas, Utah, Virginia, Wisconsin, and Wyoming.
For example, letâs examine the VA loan termite inspection standards as published by the Phoenix Regional Loan Center, which has jurisdiction over several states including California, Nevada, and Arizona.