Which Income Statement Line Item Had the Largest Percentage Increase

question 99

Multiple Choice

Which income statement line item had the largest percentage increase from the prior year to the current year?

• A) Depreciation Expense
• B) Cost of Goods Sold
• C) Interest Expense
• D) Sales

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Definitions:

Balance Theory

According to Heider, people prefer attitudes that are consistent with each other over those that are inconsistent. A person (P) tries to maintain consistency in attitudes to, and relationships with, other people (O) and elements of the environment (X).

Cognitions

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Three-Component Model

A model in psychology that views attitude as having cognitive, affective, and behavioral components.

Attitudes

Psychological tendencies expressed by evaluating particular entities with some degree of favor or disfavor, reflecting how individuals think, feel, and are inclined to act.