An income statement includes ________.
A)Land and Salaries Payable
B)Common Stock,Retained Earnings,and Dividends
C)Furniture and Cash
D)Service Revenue and Utilities Expense

Question

Quizplus · Accepted Answer

An income statement reports a company's revenues and expenses during a particular period of time. Therefore, it would include sources of revenue such as Service Revenue and expenses such as Utilities Expense. Choices A, B, and C are all balance sheet items that would not be found on an income statement.

An Income Statement Includes ________