Which is the appropriate way to disclose the credit card expense on the income statement?
A. as an addition to sales
B. as a selling expense
C. as an administrative expense
D. as part of the cost of goods sold
Answer:B
Which is the appropriate way to disclose the credit card expense on the income statement?
A. as an addition to sales B. as a selling expense C. as an administrative expense D. as part of the cost of goods sold