Which of the following elements are found on the income statement?
A)Cash
B)Accounts receivable
C)Common stock
D)Retained earnings
E)Salaries expense

Question

Quizplus · Accepted Answer

Salaries expense is typically found on the income statement as a part of the operating expenses. Cash, accounts receivable, common stock, and retained earnings are not typically found on the income statement but are instead found on the balance sheet or statement of changes in equity.

Which of the Following Elements Are Found on the Income