How Many of the Following Items Are Found on the Balance

question 36

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 expenses
• Cash
• Selling and administrative expenses
• Plant and equipment
• Operating expense
• Marketable securities
• Interest expense

• A) 3 of these items are found on the balance sheet
• B) 4 of these items are found on the balance sheet
• C) 5 of these items are found on the balance sheet
• D) 6 of these items are found on the balance sheet