How many of the following items are found on the balance sheet, rather than the income statement?
• Accounts receivable
• Retained earnings
• Income tax expense
• Accrued expenses
• Cash
• Selling and administrative expenses
• Plant and equipment
• Operating expense
• Marketable securities
• Interest expense
A) 3 of these items are found on the balance sheet
B) 4 of these items are found on the balance sheet
C) 5 of these items are found on the balance sheet
D) 6 of these items are found on the balance sheet
Correct Answer:
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