How Many of the Following Items Are Found on the Balance

question 17

Multiple Choice

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.

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Definitions:

Special Symbol

A character or set of characters used to perform a specific function or represent a specific operation in programming languages.

Insertion Point

The specific location in a data structure or document where new data will be entered or added.

Modulus Operator

An operator used in programming to find the remainder of the division of one number by another.

Expression

A combination of variables, operators, and values that produces a result or value when evaluated.