The Equation Which Reflects a CVP Income Statement Is

question 41

Multiple Choice

The equation which reflects a CVP income statement is

• A) Sales = Cost of goods sold + Operating expenses + Net income.
• B) Sales + Fixed costs = Variable costs + Net income.
• C) Sales - Variable costs + Fixed costs = Net income.
• D) Sales - Variable costs - Fixed costs = Net income.

---

Definitions:

Neurotic Needs

These are emotional needs that can become compulsive and counterproductive, often resulting from attempts to deal with anxiety and insecurity.

Basic Anxiety

A theory by Karen Horney that refers to feeling helpless and insecure as a child, which can affect adult personality.

Neurotic Needs

In psychology, these are unhealthy desires or tendencies that individuals develop as a result of anxiety and are attempts to manage this anxiety.

Compulsively

Acting driven by an irresistible urge, often against one's conscious wishes and in a repetitive, ritualistic manner.