Which of the following is not presented in an income statement?
A)Net Sales
B)Other Expenses
C)Net income
D)Dividends
E)Provision for Income Taxes

Question

Quizplus · Accepted Answer

Dividends are not presented in an income statement. Dividends are paid out to shareholders and are presented in the statement of changes in equity or the cash flow statement. The income statement presents revenue, expenses, and net income or loss for a specific period of time. Net sales, other expenses, net income, and provision for income taxes are all commonly presented in an income statement.

Which of the Following Is Not Presented in an Income