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 balance sheet account representing amounts owed to employees for work already performed, and would not appear on a budgeted income statement. The other options (A, B, and C) are all items that would typically appear on a multiple-step 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 $\text {gross profit }$