Question

Expenses represent:

a. Cash paid to investors.
b. Cash paid for the purchase of the company's long-term resources.
c. Costs of providing products or services to customers.
d. Sales of products or services to customers.

Answer 1

Expenses represent cash paid for the costs of providing products or services to customers. These costs include wages, rent, utilities, and materials used in the production of goods or the provision of services.

Step-by-step explanation:

Expenses represent cash paid for the costs of providing products or services to customers. These costs include expenses such as wages, rent, utilities, and materials used in the production of goods or the provision of services. Expenses are recorded on a company's income statement and are deducted from its revenue to determine its net income or loss.