Which of the Following Would Not Be Reported on the Income

question 76

Multiple Choice

Which of the following would not be reported on the Income Statement?

• A)Utilities expense in the amount of a bill received for utilities used during the current period but unpaid as of the end of the period.
• B)Rent expense in the amount of rent paid during the period for use of a storage facility in the current period.
• C)Revenue in the amount of services provided to customers who promise to pay in the next period.
• D)Cost of land,paid in cash,and purchased for future use.

---

Definitions:

Open

The action or process of making something accessible or available for use.

Design View

A mode in software applications that allows the user to edit or layout the document or database visually.

Structure View

An overview representation of a document’s framework, often seen in software to navigate sections or elements of a complex document or website.

Layout View

A feature in database and document software that allows users to see how a document or database form will look when printed or viewed on screen.