All of the following line items are found on the income statement EXCEPT for:
A)cost of product sold.
B)interest expense.
C)operating expense.
D)dividends declared.

Question

Quizplus · Accepted Answer

Dividends declared are usually reported on the statement of retained earnings or on the cash flow statement, but not on the income statement. The income statement typically reports revenues, cost of goods sold, gross profit, operating expenses, interest expense, net income, and earnings per share.

All of the Following Line Items Are Found on the Income