Which of the Following Line Items Would Appear on the Income

question 186

Multiple Choice

Which of the following line items would appear on the income statement of a company that uses the periodic inventory system,but not on that of a company that uses the perpetual inventory system?

• A) Net Sales Revenue
• B) Cost of Goods Sold
• C) Cost of Goods Available for Sale
• D) Operating expenses

---

Definitions:

Union Representation

The act of labor unions representing workers in negotiations with employers regarding wages, working conditions, and other employment terms.

AFL-CIO

The American Federation of Labor and Congress of Industrial Organizations, a federation of unions that collectively represent more than 12 million workers in the United States.

Federation

An organization formed by grouping together several smaller bodies, such as unions or associations, that retain their individual identities but work together for common goals.

Free Speech

The right to express any opinions without censorship or restraint, fundamental in democracies but also pertinent to workplace rights and union activities.