Which of the following appears on the balance sheet?
A) Interest income
B) Income taxes
C) Net sales
D) Merchandise inventory

Question

Quizplus · Accepted Answer

Merchandise inventory is a current asset that appears on the balance sheet. The other options do not typically appear on the balance sheet - interest income and income taxes are found on the income statement, and net sales is a calculation derived from the income statement.

Which of the Following Appears on the Balance Sheet