Which of the following items would appear on the income statement?
A)Common stock,service revenue,retained earnings,accounts payable,and unearned revenue.
B)Cash,supplies,prepaid rent,accounts receivable,office equipment,utilities expense,and shaving equipment.
C)Common stock,cash,supplies,prepaid rent,retained earnings,accounts payable,accounts receivable,office equipment,unearned revenue,and shaving equipment.
D)Service revenue and utilities expense.
E)Service revenue,unearned revenue,and utilities expense.

Question

Which of the following items would appear on the income statement? 
A)Common stock,service revenue,retained earnings,accounts payable,and unearned revenue. 
B)Cash,supplies,prepaid rent,accounts receivable,office equipment,utilities expense,and shaving equipment. 
C)Common stock,cash,supplies,prepaid rent,retained earnings,accounts payable,accounts receivable,office equipment,unearned revenue,and shaving equipment. 
D)Service revenue and utilities expense. 
E)Service revenue,unearned revenue,and utilities expense.

Quizplus · Accepted Answer

Service revenue and utilities expense are both items that would typically appear on an income statement. Common stock, retained earnings, accounts payable, and other items listed in options A, C, and E are more likely to appear on a balance sheet. Items like cash, supplies, prepaid rent, and office equipment may appear on a balance sheet as well, but not necessarily on an income statement.

Which of the Following Items Would Appear on the Income