Rent expense appears on which of the following statements?
A)Balance sheet.
B)Income statement.
C)Statement of owner's equity.
D)Statement of periodic expenses.
E)Statement of cash flows only.

Question

Quizplus · Accepted Answer

Rent expense is a type of operating expense and is therefore included in the income statement. It is not included in the balance sheet, statement of owner's equity, statement of periodic expenses, or statement of cash flows.

Rent Expense Appears on Which of the Following Statements