Which of the Following Would Not Be Included on an Income

question 35

Multiple Choice

Which of the following would not be included on an income statement?

• A)Accumulated depreciation.
• B)Insurance expense.
• C)Cost of goods sold.
• D)Discontinued operations.

---

Definitions:

Rodent Infestation

The problematic presence and proliferation of rodents within a certain area or structure, often leading to health risks and property damage.

Holding Percentage

The proportion of inventory or investments retained or managed over a period, reflecting strategies for inventory control or asset management.

Supply Chain Profits

The overall financial gain generated through the integrated activities and processes of producing, handling, and distributing products from raw material sourcing to final consumption.

Retailer Stage

A phase in the distribution channel where goods are sold directly to consumers.