Which of the Following Does NOT Belong to an Income

question 24

Multiple Choice

Which of the following does NOT belong to an income statement?

• A) Depreciation expense
• B) Goodwill
• C) Extraordinary items
• D) Amortization expense

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Definitions:

Public Houses

Also known as pubs, these are establishments licensed to sell alcoholic drinks for consumption on the premises, often serving as social gathering spots.

House of Representatives

The lower chamber of the United States Congress, where members are elected to represent geographical districts for a two-year term.

Fourteenth Amendment

An amendment to the U.S. Constitution, ratified in 1868, granting citizenship to all persons born or naturalized in the United States, including former slaves, and guaranteeing all citizens equal protection of the laws.

Abolitionist Movement

A historic movement aimed at ending slavery and the slave trade, prominent in the 18th and 19th centuries, particularly in the United States and Great Britain.