Which of the following would not appear on a budgeted income statement?
A) Net income
B) Depreciation expense
C) Cost of goods sold
D) Cash received from bank loan.

Question

Quizplus · Accepted Answer

Cash received from a bank loan would not appear on a budgeted income statement as it is not considered income or an expense. It would only affect the cash flow statement. The other options such as net income, depreciation expense, and cost of goods sold are all important components of an income statement.

Which of the Following Would Not Appear on a Budgeted