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:

Tissue Representation

An analytical or visual depiction of the arrangement and composition of cells and extracellular matrix in a specific kind of tissue.

Secretion

The process by which substances are produced and discharged from a cell, gland, or organ for a particular function in the organism or for excretion.

Absorption

(1) The movement of nutrients and other substances through the wall of the digestive tract and into the blood or lymph. (2) The process by which chlorophyll takes up light for photosynthesis.

Haversian Canals

Microscopic channels in compact bone that house blood vessels and nerve fibers, part of the bone's nutrient and waste management system.