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

---

Definitions:

Colors

Visual properties perceived by the eyes and brain, often used to distinguish objects, convey messages, or evoke emotional responses.

Global Rainfall

The distribution and intensity of precipitation received across different regions of the world.

Dynamic Display

A dynamic display is an electronic visual display that can change its content and/or how the content is presented, often used in digital signage, computers, and televisions.

Truncated Scales

Measurement tools or rating systems that have been shortened or condensed to remove extreme values or to simplify the evaluation process.