What are the two classifications of operating expenses on a multi-step income statement?

A,  Cost of Goods Sold and Selling expenses

B,  Selling expenses and General and Administrative expenses

C,  Selling expenses and Other expenses and losses

D,  General and Administrative expenses and Interest expenses

E,  Cost of Goods Sold and General and Administrative expenses

Answer rating: 100% (QA)

The correct answer is option B Selling expens... View the full answer