Which of the Following Income Statement Accounts Is least Likely

question 31

Multiple Choice

Which of the following income statement accounts is least likely to be subjected to extensive detailed tests of balances?

• A) legal and professional fees
• B) officers' salaries
• C) employees' wages
• D) cost of sales
• E) contributions

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Definitions:

Foreign Policy

A government's strategy in dealing with other nations, involving diplomacy, economic measures, military action, and treaties to advance national interests.

Harry S. Truman

The 33rd President of the United States, serving from 1945 to 1953, known for implementing the Marshall Plan to rebuild the economy of Western Europe, and for leading the U.S. during the early Cold War.

Vyachslaw Molotov

A prominent Soviet politician and diplomat known for his role in the Stalin administration, including as Foreign Minister.