Which of the following accounts most likely would have an amount contained in the Income Statement columns of a work sheet?
A) Common Stock
B) Accounts Receivable
C) Dividends
D) Interest Expense

Question

Quizplus · Accepted Answer

The Income Statement columns on a work sheet are used to calculate the net income or loss of a business. Interest Expense is an expense account that would be deducted from revenues to determine the net income or loss, so it is the only account listed that would have an amount in the Income Statement columns.

Which of the Following Accounts Most Likely Would Have an Amount