Which of the Following Line Items Will Appear on the Income

question 233

Multiple Choice

Which of the following line items will appear on the income statement of a merchandiser but not of a service company?

• A) Salaries Expense
• B) Depreciation Expense
• C) Cost of Goods Sold
• D) Supplies Inventory

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Definitions:

Potty Training

The process of teaching a young child to use the toilet for urination and defecation.

Operant Conditioning

A training technique that modifies the power of a behavior through the application of incentives or deterrents.

Unique Experiences

Individual encounters or events that are distinct and not shared with others, contributing to personal growth and self-identity.

Opportunities For Development

Chances or situations which allow for the growth or improvement of an individual, community, or system.