Which of the Following Would Appear on the Income Statement

question 28

Multiple Choice

Which of the following would appear on the income statement of a company that uses the periodic inventory method,but would NOT appear on the income statement of a company that uses the perpetual inventory method?

• A) Net sales
• B) Cost of goods sold
• C) Cost of goods available for sale
• D) Insurance expenses

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Definitions:

Magnetic Field

A region around a magnetic material or a moving electric charge within which the force of magnetism acts.

Spinal Reflexes

Automatic responses to certain stimuli that are mediated by the spinal cord, without direct involvement of the brain.

Painful Stimulus

A physical or psychological trigger that causes pain or discomfort to an individual.

Motor Response

A reaction or response of the body's muscles to a stimulus, such as moving your hand away from a hot surface.