Which of the Following Is an Income Statement Item

question 94

Multiple Choice

Which of the following is an income statement item?

• A) Accounts payable
• B) Accrued taxes
• C) Retained earnings
• D) Selling and administrative expenses

---

Definitions:

Total Amount Financed

In a loan, the total sum of money provided, including the principal and any additional fees or charges by the lender.

Payments Due Dates

Specific dates by which payments for utilities, loans, credit cards, and other financial obligations are required to be made.

National Highway Safety Administration

A federal agency responsible for achieving the highest standards of safety on the nation's roads and highways.

Motor Vehicles

Vehicles powered by an internal combustion engine or electric motor and are designed for transportation on roads.