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REGARDING THE INCOME STATEMENT Questions: 1. 2. 3. Which line items most likely include depreciation? What does SG&A stand for? Why is it helpful to

REGARDING THE INCOME STATEMENT Questions:1. Which line items most likely include depreciation?2. What does SG&A stand for? Why is it helpful to separate t

Questions: 1. 2. 3. Which line items most likely include depreciation? What does SG&A stand for? Why is it helpful to separate this expense category? Why are values measured as a percentage of sales on the income statement, but not on the cash flow statement?

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