Which Element in the Projected Income Statement CANNOT Be Forecasted

question 29

Multiple Choice

Which element in the projected income statement CANNOT be forecasted using the percentage-of-sales method?

• A) Cost of goods sold
• B) Selling expense
• C) Administrative expense
• D) Interest expense
• E) All of these items can be forecasted using the percentage-of-sales method.

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Definitions:

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An emotional state of desire for a specific outcome to occur, often accompanied by a sense of optimism.

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