which of the following items are initially recorded as an expense on the income statement?

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27-06-2022
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which of the following items are initially recorded as an expense on the income statement?

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jayilych4real jayilych4real · Answer 1 · 2022-06-29T13:13:49+02:00

The items that are initially recorded as an expense on the income statement are:

a. Research and development costs
b. Advertising costs

What is an Income Statement?

This refers to financial information that stores all the inflows and income that occurred over a period of time.

Hence, we can see that from the complete text, there are lists of items and the Research and development costs and Advertising costs are initially included as expenses in the income statement.

Read more about income statements here:

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