TERMINOLOGY, FORMS & METHODS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS. COPYRIGHT RODERICK SEEMAN

Subchapter 3. Sales, General and Administrative Expenses

Article 55. Method of Indication of Sales, General and Administrative Expenses. Sales, general and administrative expenses must be divided into expense items recognized as suitable and entered with item names indicating the said expense. Provided however, that this not prevent entries lumped together with the sales expense item or the general and administrative expenses item and a footnote is made of the major items thereof and the monetary amounts thereof.