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:

Performance Appraisal Technique

A method or system used by organizations to evaluate and assess employees' job performance, skills, and productivity.

Written Essays

Text compositions expressing the author's personal ideas or arguments on a particular topic, structured logically and coherently.

Narrative Form

A way of presenting information or stories through a structured sequence of written or spoken words, emphasizing the clear beginning, middle, and end.

Equal Employment Opportunity

Policies and practices that aim to eliminate discrimination in the workplace and ensure fair treatment and equal access to opportunities for all employees, regardless of race, gender, age, etc.