Which of the following elements are found on the income statement?
A)Cash
B)Accounts Receivable
C)Common Stock
D)Retained Earnings
E)Salaries Expense

Question

Quizplus · Accepted Answer

Only salaries expense is found on the income statement, as it represents a cost incurred by the company in generating revenue. Cash, accounts receivable, common stock, and retained earnings are all items found on the balance sheet.

Which of the Following Elements Are Found on the Income