Question: 3 2 . Expenses are: A . equal to a company's liabilities at the end of a period. B . always less than revenues. C

32. Expenses are:
A. equal to a company's liabilities at the end of a period.
B. always less than revenues.
C. the costs of doing business that are necessary to earn revenue.
D. equal to a companys cash expenditures for the period.

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