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Selected Comparative Income Statement Amounts for a Company Are Shown

Question 74

Multiple Choice

Selected comparative income statement amounts for a company are shown below.Using 2010 as the base year for a horizontal analysis,compute the account with the most significant change.
20102011 Sales $400,000$520,000 General and Administrative Expenses $27,000$29,700 Interest Expense $1,000$1,700 Miscellaneous Expense $100$200\begin{array}{|l|r|r|}\hline&2010&2011\\\hline \text { Sales } & \$ 400,000 & \$ 520,000 \\\hline \text { General and Administrative Expenses } & \$ 27,000 & \$ 29,700 \\\hline \text { Interest Expense } & \$ 1,000 & \$ 1,700 \\\hline \text { Miscellaneous Expense } & \$ 100 & \$ 200\\\hline \end{array}


A) Sales
B) General and Administrative Expenses
C) Interest Expense
D) Miscellaneous Expense
E) Cannot be determined from the given data

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