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.

---

Definitions:

Short-term Memory

The part of the memory system where information is stored for a brief period, typically a few seconds to a minute.

Working Memory

A cognitive system responsible for temporarily holding information available for processing, critical for reasoning, guidance of decision-making, and behavior.

High School Students

Adolescents who are enrolled in grades nine through twelve in the schooling system.

Proactive Interference

The phenomenon where older memories interfere with the recall of newer memories.