Which of the Following Accounts Would Appear in an Income

question 32

Multiple Choice

Which of the following accounts would appear in an income statement?

• A) Accumulated depreciation
• B) Cost of goods sold
• C) Wages payable
• D) None of the above

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Definitions:

Directing

The management process of guiding and overseeing the work of employees to meet organizational objectives.

Human Resources

The department within an organization that focuses on the recruitment, management, and direction of people who work in it.

Quality Control

Procedures and standards implemented to ensure that products or services meet specific requirements and are of consistent quality.

Cost Element

A component that categorizes costs according to their nature, involved in the cost accounting process to allocate expenses accurately.