Which of the following does NOT belong to an income statement?
A) Depreciation expense
B) Goodwill
C) Extraordinary items
D) Amortization expense

Question

Quizplus · Accepted Answer

Goodwill is an intangible asset that is shown on the balance sheet, not the income statement. Depreciation expense and amortization expense relate to the gradual write-off of the cost of long-term assets, while extraordinary items are significant events or transactions that are not part of the ordinary operations of a business.

Which of the Following Does NOT Belong to an Income