Which of the Following Appears in the Income Statement of a Merchandising

question 107

Multiple Choice

Which of the following appears in the income statement of a merchandising business,but not in the income statement of a business that renders only services?

• A)Interest revenue
• B)Gross profit
• C)Advertising expense
• D)Income tax expense

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Definitions:

Natural Experiment

An experiment in which nature, rather than an experimenter, manipulates an independent variable.

Community Cohesiveness

The quality of forming a united group, characterized by mutual support, shared values, and a sense of belonging among community members.

Double-masked

In medical studies, a trial in which neither the participants nor the researchers know who belongs to the control group and who belongs to the experimental group.

Placebo

An inert substance or treatment which has no therapeutic effect, used as a control in testing new drugs.