How Many of the Following Items Are Found on the Balance

question 95

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:

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