QUESTION 20

1. During the year ended December 31, 2021, Biogen, a biotech company, misstated key financial information and reported millions of dollars of expenses in "Research and Development" rather than "Cost of Goods Sold." This improper classification on the income statement had the effect of increasing:

   		Net Income
   		Gross Profit
   		Operating Income
   		Net Sales Revenue
   		All of the above
   		None of the above