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:

Lactose

A disaccharide sugar found in milk and dairy products, which is broken down into glucose and galactose by the enzyme lactase.

Lac Operon

A set of genes and their control sequences that are responsible for the metabolism of lactose in bacteria.

RNA Polymerase

An enzyme that catalyzes the transcription of DNA into RNA, initiating the transfer of genetic information.

Glucose Concentrations

The amount of glucose present in the blood, important in the diagnosis and management of diabetes and other metabolic disorders.