How many of the following would be found on the balance sheet: Unearned revenue, Non-current assets, Current liabilities, Equity, Accounts receivable, Owners' equity, Inventory, Wages expense, and Interest income.
A) Five
B) Six
C) Seven
D) Eight

Question

Quizplus · Accepted Answer

Unearned revenue, Non-current assets, Current liabilities, Equity, Accounts receivable, Owners' equity, and Inventory can all be found on the balance sheet. Wages expense and Interest income are both income statement items and would not be found on the balance sheet. Therefore, the total number of items found on the balance sheet is 7.

How Many of the Following Would Be Found on the Balance