The Following Income Statements Are Provided for Li Company's Last

question 193

Multiple Choice

The following income statements are provided for Li Company's last two years of operation: Assuming that cost behavior did not change over the two year period, what is the company's annual fixed general, selling, and administrative cost?

• A) $6,500
• B) $6,000
• C) $3,000
• D) $2,500

---

Definitions:

Pluralist

An approach that suggests power in a society is distributed among multiple groups and interests, enabling a balance and compromise in decision-making processes.

War

A violent armed conflict between politically distinct groups who fight to protect or increase their control of territory.

Pluralism

A concept advocating for the existence and toleration of diverse and potentially competing interests, cultures, or ideas within a society.

Campaign Finance Reform

Modifications to the laws and regulations governing the funding of political campaigns, aimed at reducing the influence of money in politics.