Which Expense account is usually shown as the last Expense item on the IncomeStatement, regardless of the amount that it reflects?Whichever Expense account that is the smallest in amountO Depreciation ExpenseO Miscellaneous ExpenseO Other Expense

INCOME STATEMENT income Statement is one of the Important Financial Statement of the Company. It…

Which Expense account is usually shown as the last Expense item on the Income Statement, regardless of the amount that it reflects? O Whichever Expense account that is the smallest in amount O Depreciation Expense O Miscellaneous Expense O Other Expense

Which Expense account is usually shown as the last Expense item on the Income Statement, regardless of the amount that it reflects? O Whichever Expense account that is the smallest in amount O Depreciation Expense O Miscellaneous Expense O Other Expense

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 6MC: If a company capitalizes costs that should be expensed, how is its income statement for the current...

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Question

Which Expense account is usually shown as the last Expense item on the Income
Statement, regardless of the amount that it reflects?
Whichever Expense account that is the smallest in amount
O Depreciation Expense
O Miscellaneous Expense
O Other Expense

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