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Which component is common to the income statements of trading and service businesses?
.A common component of the income statements of both trading and service businesses is _________ expenses.

Respuesta :

MsTeel

Operating expenses. No matter what type of business you have, there will be costs associated with operations ( advertising, utilities, rent, salaries) that will be reflected on the income statement.

gkosworldreign

Answer:

operating expenses

Explanation:

An operating expense is refer to as the total sum of  expense incur from normal business operations of a firm. It includes rent, cost of procuring an equipment, logistics costs,insurance, marketing,  step costs, and funds apportioned for research and development. One of the major responsibilities of  management of a firm is  to decrease the operating expenses without significantly affecting the firm's market competing power in relation to  its competitors.

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