Which One of the Following Statements Is Correct

question 72

Multiple Choice

Which one of the following statements is correct?

• A)Pretax income is equal to gross profit minus interest expense.
• B)Gross profit is equal to sales minus costs of goods sold and depreciation.
• C)Operating expenses are indirect costs.
• D)Costs that vary directly with production are classified as operating expenses.
• E)The change in retained earnings is equal to net income plus dividends paid.

---

Definitions:

Outpatient Levels

Degrees or types of medical or psychiatric care provided to patients who visit a healthcare facility but do not require admission to a hospital.

Quadrants of Care

A framework in health care that categorizes types of services provided into four parts to address the varying needs of patients.

Psychiatric Disorders

Mental health conditions characterized by alterations in thinking, mood, or behavior associated with distress or impaired functioning.

SUDs

Substance Use Disorders, a condition characterized by the excessive use of substances, including alcohol and drugs, leading to significant impairment or distress.