Which of the Following Would Not Appear on an Income

question 135

Multiple Choice

Which of the following would not appear on an income statement?

• A)Repair service revenue.
• B)Insurance expense.
• C)Dividends.
• D)Net income.

---

Definitions:

Excise Taxes

Taxes imposed on specific goods, services, or activities, often aimed at discouraging their use or raising revenue.

National Defense

Governmental and military actions and strategies aimed at protecting a country from external threats and maintaining national security.

Postal Service

A government or private company service responsible for collecting, transporting, and delivering mail and packages to recipients.

Federal Employment

Jobs or positions provided by the federal government, involving work within government departments, agencies, or affiliated organizations.