Which of the Following Will NOT Appear on the Statement

question 31

Multiple Choice

Which of the following will NOT appear on the Statement of Income?

• A) depreciation
• B) interest
• C) cost of goods sold
• D) dividends

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Definitions:

Operating Income

Income generated from regular business operations, excluding costs of goods sold and other operating expenses.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, representing ownership interest.

Interest Expense

The cost incurred by an entity for borrowed funds, reflecting the interest payments due on any form of debt.

Tax Expense

The amount of money that a company owes in taxes based on its net income, adhering to the tax laws of the jurisdictions in which it operates.