The income statement section of the worksheet 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

The income statement section of the worksheet includes revenue and expenses, such as Service Revenue and Utilities Expense. Choices A and C are balance sheet accounts, and Choice B is a statement of retained earnings account, not an income statement account.

The Income Statement Section of the Worksheet Includes ________