Question

What account class would cash prize payment be under?

A. Operating expense
B. Cost of Goods Sold
C. Asset
D. Expense
E. Liability

I'm stuck between A, B, D.

Help. thanks.

Related Questions

Given the following information for the fiscal year ended June 30, 2001: Product sales: 28,189,61... When a business sells goods to a customer on credit, it creates an: Group of answer choices expe... Zigs Industries had the following operating results for 2015: sales = $25,152; cost of goods sold =... A firm has sales of $910,375.00, cost of goods of $392,405.00, selling and administrative expense of...