10. Choose the options to correctly complete the following statement. Some balance sheet and income statement accounts that vary directly with sales include: 1. Cost of goods sold II. Depreciation III. Accounts payable IV. Accounts receivable O I, II, III only I, II, IV only I, III, IV only O I, II, III, and IV

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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### Question 10: Financial Accounting Problem

**Choose the options to correctly complete the following statement.**

Some balance sheet and income statement accounts that vary directly with sales include:

I. Cost of goods sold  
II. Depreciation  
III. Accounts payable  
IV. Accounts receivable  

**Options:**

- O I, II, III only
- O I, II, IV only
- O I, III, IV only
- O I, II, III, and IV
Transcribed Image Text:### Question 10: Financial Accounting Problem **Choose the options to correctly complete the following statement.** Some balance sheet and income statement accounts that vary directly with sales include: I. Cost of goods sold II. Depreciation III. Accounts payable IV. Accounts receivable **Options:** - O I, II, III only - O I, II, IV only - O I, III, IV only - O I, II, III, and IV
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