Which of the following elements are found on the Balance Sheet?
A)Service Revenue
B)Net Income
C)Operating Activities
D)Utilities Expense
E)Retained Earnings

Question

Quizplus · Accepted Answer

Retained Earnings is found on the Balance Sheet as it represents the cumulative earnings of the company that are retained in the business rather than paid out as dividends. The other options (A) Service Revenue, (B) Net Income, (C) Operating Activities, and (D) Utilities Expense are all found on the Income Statement.

Which of the Following Elements Are Found on the Balance