Which Income Statement Line Item Had the Largest Percentage Increase

question 31

Multiple Choice

Which income statement line item had the largest percentage increase from the prior year to the current year?

• A) Depreciation Expense
• B) Cost of Goods Sold
• C) Interest Expense
• D) Sales

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Definitions:

Servicing A/C Systems

The maintenance and repair processes involved in ensuring the optimal functioning of air conditioning systems, typically involving refrigerant handling, leak detection, and performance checks.

Vacuum Pump

A device that removes gas molecules from a sealed volume to create a partial vacuum, often used in automotive and industrial applications.

A/C System

Air Conditioning System, a system for controlling the humidity, ventilation, and temperature in a vehicle or building.

Boil Point

The temperature at which a liquid turns to vapor.