All of the following appear on the budgeted income statement except:
A)selling and administrative expenses.
B)cost of goods sold.
C)accounts payable.
D)sales.
E)None of the answer choices is correct.

Name: All of the following appear on the budgeted income statement except: A)selling and administrative expenses. B)cost of goods sold. C)accounts payable. D)sales. E)None of the answer choices is correct.
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Question

Quizplus · Accepted Answer

Accounts payable is a balance sheet account and not an item that appears on the income statement.

All of the Following Appear on the Budgeted Income Statement