Which of the following would not appear on a multiple-step budgeted income statement?
A)A)$\text { gross profit }$
B)income tax expense
C)C) $\text { operating income }$
D)salaries payable

Question

Which of the following would not appear on a multiple-step budgeted income statement? 
A)A)$\text {  gross profit }$
B)income tax expense 
C)C) $\text { operating income }$
D)salaries payable

Quizplus · Accepted Answer

Salaries payable is a liability account that would not appear on an income statement, let alone a budgeted income statement. The other options, including revenue, expenses like income tax, and net income or loss, are all elements that would appear on a budgeted income statement.

Which of the Following Would Not Appear on a Multiple-Step gross profit \text { gross profit } gross profit

Which of the Following Would Not Appear on a Multiple-Step $\text { gross profit }$