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Should restructuring charges be classified as an operating expense or as a nonoperating expense?
It should be posted under operating expense.
It is treated as expense because it uses to allocate the related assets cost portion to profit and loss account due to usage of fixed assets for revenue generation in fiscal year.
it will either increase or decrease profit. Prepaid expense should increase profit as the amount has been overstated.
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because there is very less amount of petroleum stored in the earth so for further use we should use it sparingly.
Electricity should be use spaingly because itsae th environmet.
To protect CI from being exposed on a SNS, you should
Non-operating I believe, because they are non-recurring
Tax should be recorded in the general journal because it is an expense.
Depreciation should be treated as expense because the worth of the asset like machinery and building goes down as time goes by. This reduction in the amount cannot be collected by anyone and cannot be claimed. The company only has to bear this amount. Because of this depreciation is treated as an expense.
Rent expense is a Revenue expense and not a capital expense. It is a revenue expense because it recurs from year to year and is not an expense in purchasing a fixed asset. It is classified as a revenue expense also because it features in the income statement of each year and following the principle of accruals, the accountant must, make the necessary end of period adjustments to make sure that the the amount of rent expense that should have paid is charged against revenue and not just the actual cash paid.
only salaries of employees engaged in selling can be classified as selling expense..salary of salesperson,saleslady,salesman,sales supervisor are the examples that fall under selling expense..it is classified as selling expense, simply because the expense occurred in selling department.
To protect CI from being exposed on a SNS, you should
Should restructuring charges be classified as an operating expense or as a nonoperating expense?