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The Following Are the Income Statements of the Hancock Company

Question 42

Multiple Choice

The following are the income statements of the Hancock Company for two consecutive years.Increases in which of the expenses contributed to the net loss in Year 2?
The following are the income statements of the Hancock Company for two consecutive years.Increases in which of the expenses contributed to the net loss in Year 2? A) Cost of goods sold and selling expenses B) Selling expenses and administrative expenses C) Cost of goods sold and administrative expenses D) Administrative expenses


A) Cost of goods sold and selling expenses
B) Selling expenses and administrative expenses
C) Cost of goods sold and administrative expenses
D) Administrative expenses

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