Which of the following income statement accounts is least likely to be subjected to extensive detailed tests of balances? A) legal and professional fees B) officers' salaries C) employees' wages D) cost of sales E) contributions

Question

Quizplus · Accepted Answer

Cost of sales is typically verified through analytical procedures rather than extensive detailed tests of balances, as it is often correlated with sales and inventory levels.

Which of the Following Income Statement Accounts Is least Likely