On an income and expense statement covering January 1 to June 30,____ would not be included as income.
A)wages and salaries received in that six months
B)interest received on June 30
C)auto sold with payment received May 15
D)inheritance granted in April, to be paid in September
E)income tax refund received April 14

Question

Quizplus · Accepted Answer

An inheritance that has not yet been paid (to be paid in September) would not be included as income for the period of January 1 to June 30. The other options all involve income received during the six-month period.

On an Income and Expense Statement Covering January 1 to June