Operating expenses and cost of goods sold are both expenditures used in running a business but are broken out differently on the income statement.

Cost of goods sold is listed on the income statement beneath sales revenue and before gross profit. The basic template of an income statement is revenues less expenses equals net income. More For You ...

Medicare is a form of health insurance primarily for individuals over 65 and people under 65 who have certain disabilities or conditions. It covers medical expenses such as hospital stays and ...