Which of the Following Accounts Would Never Be Reported in the Income

question 100

Multiple Choice

Which of the following accounts would never be reported in the income statement as an expense?

• A) Depreciation expense.
• B) Income taxes expense.
• C) Interest expense.
• D) Dividends expense.

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Definitions:

Duress

The act of compelling someone to act against their will by using force, threats, or coercion, which can render a contract voidable.

Physical Compulsion

The use of physical force to make someone do something against their will.

Improper Threats

Improper threats involve the use of coercion, intimidation, or unlawful pressure to force someone into an action or decision against their will.

Misrepresentation

The act of providing false or misleading information, intentionally or unintentionally, during a transaction or contractual agreement.