what is the definition of expenses? * 1 point\nearnings including wages, salaries, bonuses, dividends…

what is the definition of expenses? * 1 point\nearnings including wages, salaries, bonuses, dividends, etc.\nmoney used for living, including taxes, debt payments, purchase of assets, etc.\nphysical assets, such as real estate, cars, iphones, etc.\na plan for how you spend your money\nthe amount of money you have after selling all your assets and paying off all your liabilities. the amount of wealth a person has.\na collection of 30 stocks with a bias toward large companies.

what is the definition of expenses? * 1 point\nearnings including wages, salaries, bonuses, dividends, etc.\nmoney used for living, including taxes, debt payments, purchase of assets, etc.\nphysical assets, such as real estate, cars, iphones, etc.\na plan for how you spend your money\nthe amount of money you have after selling all your assets and paying off all your liabilities. the amount of wealth a person has.\na collection of 30 stocks with a bias toward large companies.

Answer

Answer:

None of the above options are correct. Expenses are the costs incurred in the course of business operations or for personal - living purposes, such as money spent on goods and services. But if we have to choose the closest among the given options, it would be "Money used for living, including taxes, debt payments, purchase of assets, etc." (though purchase of assets is more of an investment in a strict sense and not always an expense).

Brief Explanations:

The first option describes earnings. Physical assets are not expenses. A plan for spending money is a budget. The amount after selling assets and paying liabilities is net - worth. A collection of stocks is an investment portfolio. The second option, despite having some inaccuracies, is the closest to the general concept of money being used up, which is what expenses are about.