10 which option would be classified as a general expense on an income statement? multiple choice salaries…
10 which option would be classified as a general expense on an income statement? multiple choice salaries paid to salespeople dividends paid to stockholders costs associated with an advertising campaign payments made for insurance
Answer
Brief Explanations:
Salaries paid to salespeople are selling expenses. Dividends paid to stock - holders are not expenses but a distribution of earnings. Costs associated with an advertising campaign are selling expenses. Payments made for insurance are general expenses that cover a wide - range of business risks and are not directly related to sales or production in a specific sense.
Answer:
payments made for insurance