Which of the Following Income Statement Accounts Is Most Likely

question 22

Multiple Choice

Which of the following income statement accounts is most likely to vary directly with sales?

• A)interest expense
• B)cost of goods sold
• C)taxes
• D)depreciation

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Definitions:

Intellectual Development

The progress of cognitive abilities such as thinking, reasoning, problem-solving, and information processing over the lifecycle.

Giftedness

Characteristics referring to individuals, particularly children, who exhibit exceptional levels of aptitude or competence in one or more domains.

Creativity

The use of imagination or original ideas to create something; inventiveness that is often applied in artistic endeavours and problem-solving.

Creativity

The ability to produce original ideas, approaches, or solutions to problems, characterized by innovation and imagination.