Which Income Statement Line Item Had the Largest Percentage Increase

question 112

Multiple Choice

Which income statement line item had the largest percentage increase from the prior year to the current year? $\begin{array}{lrr}&\text { Current Year } & \text { Prior Year }\\\text { Sales } & \$ 216,000 & \$ 180,000 \\\text { Cost of Goods Sold } & 144,00 C & 108,000 \\\text { Depreciation Expense } & 54,00 C & 36,000 \\\text { Interest Expense } & 3,600 & 9,000\end{array}$

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

---

Definitions:

Replication

Repeating a research study to determine whether the results can be duplicated.

External Validity

The extent to which the results of a study can be generalized to other situations, populations, or settings beyond the study itself.

Fraudulence

The intentional deception for personal gain or to damage another individual, which is unethical and illegal in most cases.

Authenticity

The state or quality of being genuine, reliable, or true to its nature or origins.