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:

Levi Coffin

A prominent Quaker and abolitionist known as the "President of the Underground Railroad" for his significant role in helping thousands of enslaved individuals escape to freedom in the North.

Underground Railroad

A secret network of routes and safe houses used in the United States during the early to mid-19th century to help African-American slaves escape to free states and Canada.

Abolitionist

Refers to a person who advocates for the abolition of slavery, actively working towards ending the practice.

Edward Gorsuch

A Maryland slave owner known for his death during the Christiana Riot of 1851, an event that intensified the pre-Civil War conflict between slave states and free states.