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:

External Training

Education or skills development activities that occur outside of the organization, typically provided by third-party vendors or institutions.

Foundational Competency

Foundational Competency refers to the core abilities or skills that are necessary for broad job functions and can serve as a base for further professional development.

Cognitive Ability

The capacity to perform mental processes related to learning, understanding, problem-solving, and decision-making.

Motivation To Transfer

Motivation to transfer refers to an individual’s desire and commitment to apply skills and knowledge learned in a training context back to their job.