Which Element in the Projected Income Statement Cannot Be Forecasted

question 82

Multiple Choice

Which element in the projected income statement cannot be forecasted using the percentage-of-sales method?

• A) Cost of goods sold
• B) Selling expense
• C) Administrative expense
• D) Interest expense
• E) All of these items are forecasted using the percentage-of-sales method

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Definitions:

Attribution Theory

A psychological theory that explains how individuals infer the causes of their own and others' behavior.

Dispositional Nature

Refers to inherent personality traits and tendencies that influence an individual's behavior and reactions.

Task Difficulty

The level of challenge presented by a task, which can affect an individual's performance and motivation.

Weiner

Refers to Bernard Weiner, an American psychologist known for his attribution theory in social psychology.