Which of the following would not appear on an income statement?
A)Repair service revenue.
B)Insurance expense.
C)Dividends.
D)Net income.

Question

Quizplus · Accepted Answer

Dividends are payments made to shareholders out of the company's profits or retained earnings, and do not affect the company's net income or bottom line. Therefore, they would not appear on the income statement. A, B, and D are all items that could appear on an income statement.

Which of the Following Would Not Appear on an Income