Which of the Following Accounts Would Appear on the Sales

question 143

Multiple Choice

Which of the following accounts would appear on the sales budget and the pro forma income statement?

• A) Selling and administrative expenses
• B) Sales revenue
• C) Accounts receivable
• D) Both sales revenue and accounts receivable are correct

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Definitions:

Silly Putty

A silicone-based polymer toy known for its unique properties such as elasticity, bounce, and the ability to lift images from newsprint.

Fast-mapping

A cognitive process in children that involves quickly learning and retaining new words or concepts after minimal exposure.

Irreversibility

The cognitive inability in children to understand that actions can be reversed to return to the original state.