Which of the following reports includes the cost of goods sold?
A) The balance sheet
B) The financial position statement
C) The cash budget
D) The income statement
E) The overhead expense statement

Question

Quizplus · Accepted Answer

The income statement includes the cost of goods sold as an expense item, giving a view of the expenses incurred to generate revenue during a given period.

Which of the Following Reports Includes the Cost of Goods