Selected Comparative Income Statement Amounts for a Company Are Shown

question 104

Multiple Choice

Selected comparative income statement amounts for a company are shown below.Using 2013 as the base year for a horizontal analysis,compute the account with the most significant change. $$\begin{array} { | l | r | r | } \hline & { 2013 } & { 2014 } \\\hline \text { Sales } & \$ 400,000 & \$ 520,000 \\\hline \text { General arid adrriristrative experises } & \$ 27,000 & \$ 29,700 \\\hline \text { Irterest expense } & \$ 1,000 & \$ 1,700 \\\hline \text { Miscellarreous experse } & \$ 100 & \$ 200 \\\hline\end{array}$$

• A)Sales.
• B)General and administrative expenses.
• C)Interest expense.
• D)Miscellaneous expense.
• E)Cannot be determined from the given data.

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Definitions:

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A condition of cells in which they lose differentiation and revert to a more primitive or undifferentiated form, often associated with cancer.

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A prefix meaning "up, back, again, anew," used in medical terms.

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A type of cancer that originates in the bones and soft tissues, including fat, muscles, blood vessels, and fibrous tissues.

Carcinoma

A type of cancer that starts in cells that make up the skin or tissue linings of organs.