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

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Definitions:

Proximity Sensor

A sensor that detects the presence or absence of an object or its distance from the sensor without physical contact.

Solar Cell

A device that converts light into electrical energy through the photovoltaic effect, commonly used in solar panels for power generation.

Photovoltaic Cell

A type of electrical device that converts the energy of light directly into electricity by the photovoltaic effect.