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01.08.2022 - 04:13

Does advertising expense go on a balance sheet?

Question:

Does advertising expense go on a balance sheet?

Answers (1)

Tommie April 6, 2023 в 05:18

No, advertising expense does not go on a balance sheet. Advertising expense is considered an operating expense and is recorded on the income statement. The purpose of advertising is to generate revenue in the future, and so its cost is expensed as it is incurred, rather than being recorded as an asset on the balance sheet.

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