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 payable
• Cash
• Selling and administrative expenses
• Plant and equipment
• Operating expense
• Marketable securities
• Interest expense

A) Three of these items are found on the balance sheet.
B) Four of these items are found on the balance sheet.
C) Five of these items are found on the balance sheet.
D) Six of these items are found on the balance sheet.

Question

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 payable  
•	Cash  
•	Selling and administrative expenses  
•	Plant and equipment  
•	Operating expense  
•	Marketable securities  
•	Interest expense

A) Three of these items are found on the balance sheet.
B) Four of these items are found on the balance sheet.
C) Five of these items are found on the balance sheet.
D) Six of these items are found on the balance sheet.

Quizplus · Accepted Answer

Accounts receivable, retained earnings, accrued payable, cash, plant and equipment, and marketable securities are all found on the balance sheet. The other items listed are typically found on the income statement.

How Many of the Following Items Are Found on the Balance