An Income Statement Will Never Include a Line For

question 51

Multiple Choice

An income statement will never include a line for:

• A) Depreciation
• B) COGS
• C) SG&A costs
• D) Taxes on profits
• E) Accounts payable

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Definitions:

Promoted

The process of advancing someone to a higher rank or position, often as recognition for their performance.

Performance Appraisal

A systematic evaluation of an employee's performance in their job duties, often used to inform decisions regarding promotions, pay raises, and training.

Communications Manager

A professional responsible for overseeing and directing an organization's internal and external communication strategies and activities.

Financial Year

A period used for calculating annual financial statements in businesses and other organizations, typically lasting for 12 months.