Which of the following accounts would appear in an income statement?
A) Accumulated depreciation
B) Cost of goods sold
C) Wages payable
D) None of the above

Question

Quizplus · Accepted Answer

Cost of goods sold is an expense account that appears in the income statement, representing the cost of producing products or providing services that were sold during the specific accounting period. Accumulated depreciation and wages payable are both balance sheet accounts.

Which of the Following Accounts Would Appear in an Income