Selected Comparative Income Statement Amounts for a Company Are Shown

question 131

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.
$$\begin{array} { | l | r | r | } \hline &{ 2013 } & { 2014 } \\\hline \text { Sales } & \$ 400,000 & \$ 520,000 \\\hline \text { General and administrative expenses } & \$ 27,000 & \$ 29,700 \\\hline \text { Interest expense } & \$ 1,000 & \$ 1,700 \\\hline \text { Miscellaneous expense } & \$ 100 & \$ 200 \\\hline\end{array}$$

• 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:

DSM-5

The 5th edition of the Diagnostic and Statistical Manual of Mental Disorders, a standardized classification system for diagnosing mental disorders used by mental health professionals in the U.S.

Histrionic

Relates to a pattern of excessive emotionality and attention-seeking behavior; often associated with Histrionic Personality Disorder.

DSM-IV-TR

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, Text Revision; a manual used to diagnose mental disorders.

Cluster A

Refers to one of three clusters of personality disorders in the DSM, characterized by odd or eccentric behaviors, including paranoid, schizoid, and schizotypal personality disorders.