The balance sheet account Inventories is related to which one of the following income statement accounts? A) Investment Income B) Cost of Sales C) Interest Expense D) Depreciation Expense E) Sales

Question

Quizplus · Accepted Answer

Inventories are directly related to the Cost of Sales (or Cost of Goods Sold) on the income statement, as the cost of sales is determined by the cost of the inventory sold during the period.

The Balance Sheet Account Inventories Is Related to Which One