Income Statement Line Assignment | Top Universities
February 18th, 2020
Which income statement line item had the largest percentage increase from the prior year to the current year?
| Current Year | Prior Year | |||||
| Sales | $ | 216,000 | $ | 180,000 | ||
| Cost of Goods Sold | 144,000 | 108,000 | ||||
| Depreciation Expense | 54,000 | 36,000 | ||||
| Interest Expense | 3,600 | 9,000 | ||||
Multiple Choice
- Depreciation Expense
- Cost of Goods Sold
- Interest Expense
- Sales. Get Accounting Homework Help Today.
