Which of the following accounts is least likely to vary directly with the levels of sales?
A) Accounts receivable.
B) Inventory.
C) Income taxes.
D) Cost of goods sold
E) Long-term debt.
Correct Answer:
Verified
Q55: Retained earnings are considered as _ on
Q56: Which of the following is unlikely to
Q57: If you assume that total costs represent
Q58: When preparing pro forma income statements, which
Q59: Net income can be computed as:
A) dividends
Q61: Interest payments are considered a(n) _ cash
Q62: A company had the following during the
Q63: The management recently voted to limit any
Q64: A company has net income of $170,000
Q65: What is the operating cash flow,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents