In Analyzing the Income Statement of Bob Company, Cost of Goods

question 50

Multiple Choice

In analyzing the income statement of Bob Company, cost of goods sold decreased from 2013 to 2014 by 8.2%. The cost of goods sold was $19,000 in 2014. The cost of goods sold to nearest dollar in 2013 was:

• A) $20,697.17
• B) $20,679.71
• C) $20,769.71
• D) $20,796.71
• E) None of these

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Definitions:

Injury

Physical harm or damage to the body caused by external force or substance.

Emergency Medical Services

Health care services provided in response to an urgent medical condition, involving immediate assessment, treatment, and transport of patients.

First Aid

The immediate assistance given to any person suffering from either a minor or serious illness or injury, with care provided to preserve life, prevent the condition from worsening, or promote recovery.

Triage

A system of sorting and identifying the severity of injuries.