Which of these titles would appear in the Income Statement columns of the end-of-period spreadsheet?
A) Cash
B) Prepaid Insurance
C) Unearned Revenue
D) Net Loss

Question

Quizplus · Accepted Answer

The Income Statement columns of the end-of-period spreadsheet typically list revenues, expenses, gains, and losses. Out of the options given, only "Net Loss" is a type of loss that would appear on the income statement.

Which of These Titles Would Appear in the Income Statement