Which of the following would not appear on an income statement?
A)Sales revenue
B)Cost of goods sold
C)Accounts receivable
D)Insurance expense

Question

Quizplus · Accepted Answer

Accounts receivable is an element of a company's balance sheet, not the income statement. The income statement includes revenue and expenses, such as sales revenue and insurance expense, and calculates net income by subtracting expenses from revenue. Cost of goods sold is also a key element of the income statement, as it reflects the cost associated with producing or obtaining goods sold during a period of time.

Which of the Following Would Not Appear on an Income