PRC-1 · Chapter 10 · Question 78 of 100
Which of the following is NOT typically classified as an operating expense in the Statement of Comprehensive Income?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Income tax expense
Explanation
Income tax expense is usually deducted after Operating Profit and Profit Before Tax are calculated. It is not considered a day-to-day operating expense.
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