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Santo Corporation has eight expense accounts in its general ledger which could be classified as selling expense. Should Santo report these eight expenses separately in its income statement or simply...

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Santo Corporation has eight expense accounts in its general ledger which could be classified as selling expense. Should Santo report these eight expenses separately in its income statement or simply report one total amount for selling expenses? Explain.

Answered Same Day Dec 21, 2021

Solution

Robert answered on Dec 21 2021
120 Votes
Santo Corporation has eight expense accounts in its general ledger which could
e classified as selling expense. Should Santo report these eight expenses
separately in its income statement or simply report one total amount for selling
expenses? Explain.
Santo can report these eight expenses...
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