Which One of the Following Accounts Most Likely Would Appear

question 57

Multiple Choice

Which one of the following accounts most likely would appear on the income statement of a merchandise company, but not on the income statement of a service company?

• A) Income Tax Expense
• B) Cost of Goods Sold
• C) Selling Expenses
• D) Administrative Expenses

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Definitions:

Hierarchical Sequencing

A method in project management and software development where tasks are completed in a specific, ordered sequence, often based on priority or dependency.

Employee Orientation

A process of introducing new employees to their roles, the company culture, policies, and their colleagues.

Coffee Breaks

Scheduled or spontaneous breaks during the workday allowing employees to rest and recharge, often involving social interaction.

Fire Alarm

A device that emits a warning signal, either audio or visual, in the event of fire, prompting evacuation and emergency response.