Which of the Following Statement of Comprehensive Income Accounts Is

question 32

Multiple Choice

Which of the following statement of comprehensive income accounts is a non-cash item?

• A) Wages and salaries.
• B) Interest expense.
• C) Cost of goods sold.
• D) Depreciation.
• E) Income taxes.

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Definitions:

Consumer Surplus

The differentiation between what consumers are prepared to expend on a good or service and the sums they actually do.

Supply Curve

An illustrated chart that demonstrates how the supply quantity relates to a good's price.

Producer Surplus

The discrepancy between what sellers are prepared to accept for a commodity and the real payment they secure from selling it at the prevailing market price.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell, typically upwards sloping.