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Q: Rent, depreciation, and salaries are examples of: (Points : 3) Current assets. Current liabilities. Owners' equity. Operating expenses.
A: Operating expenses.
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User: The three important financial statements prepared by accountants are: (Points : 3) Ledger, journal, and trial balance. Cash budget, capital budget, and master budget. Revenue summary, expense summary, and consolidation statement. Balance sheet, income statement, and statement of cash flows.

User: . Net Profit refers to: (Points : 3) The result of deducting liabilities from the assets of the firm. The result of subtracting cost of goods sold from revenues. The result of deducting depreciation expense from revenues. The net earnings after the deduction of all expenses, including tax expense.

User: Rent, depreciation, and salaries are examples of: (Points : 3) Current assets. Current liabilities. Owners' equity. Operating expenses.

Weegy: Operating expenses.
mythmoh|Points 4829|

User: The LIFO method of inventory valuation bases the cost of goods sold on the cost of: (Points : 3) Merchandise that has been held in inventory for the longest period of time. Most recent merchandise purchased by the firm. Actual units customers purchased. Merchandise the firm acquired at the lowest cost



Weegy: Most recent merchandise purchased by the firm.
Expert answered|rickjames|Points 540|

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Asked 5/28/2012 1:01:11 PM
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