Which One of the Following Statements Is Correct

question 72

Multiple Choice

Which one of the following statements is correct?

• A)Pretax income is equal to gross profit minus interest expense.
• B)Gross profit is equal to sales minus costs of goods sold and depreciation.
• C)Operating expenses are indirect costs.
• D)Costs that vary directly with production are classified as operating expenses.
• E)The change in retained earnings is equal to net income plus dividends paid.

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Definitions:

Parkinson Disease

A neurodegenerative disorder that affects predominately dopamine-producing neurons in a specific area of the brain, causing symptoms like tremors and movement difficulties.

Hemiplegia

A condition resulting in paralysis on one side of the body, often due to stroke or brain injury.

Dysphasia

A language disorder marked by impairment in the ability to speak, read, write, or comprehend spoken or written language, often due to brain injury or disease.

Paraplegia

Paralysis of the legs due to spinal cord injury.