Rent Expense Appears on Which of the Following Statements

question 297

Multiple Choice

Rent expense appears on which of the following statements?

• A) Statement of owner's equity.
• B) Balance sheet.
• C) Statement of periodic expenses.
• D) Income statement.
• E) Statement of cash flows only.

---

Definitions:

Sales

The total revenue generated from goods or services sold by a company.

Net Operating Income

Revenue derived from the principal activities of a business before interest and taxes are subtracted.

Sales Dollars

The entire income produced through the selling of products or services, denoted in financial figures.

Fixed Cost

A cost that does not change with the level of output or sales over a certain period, such as rent or salaries.