Which of the following would not be included on an income statement?
A) Accumulated depreciation.
B) Insurance expense.
C)Cost of goods sold.
D)Extraordinary loss.

Question

Quizplus · Accepted Answer

Accumulated depreciation is a contra-asset account that is reported on the balance sheet, not the income statement. The other items listed are commonly found on an income statement.

Which of the Following Would Not Be Included on an Income