CPA Accountant Review Questions

Category - Accounting

A marketing expense and an overhead expense are both part of the:
  1. Direct expenses
  2. Operating expenses
  3. Indirect expenses
  4. Total expenses
  5. General expenses
Explanation
Answer - D - The marketing expense (a direct or selling expense) and an overhead expense (an indirect expense) are both part of the total expenses for the company.

Key Takeaway: Total expenses for a business include both direct and indirect expenses. Different verbiage can be used, such as selling expenses for direct expenses, and overhead costs for indirect expenses.
Was this helpful? Upvote!
Login to contribute your own answer or details

Top questions

Related questions

Most popular on PracticeQuiz