Which of the following items would appear on a balance sheet?
A) Notes Payable
B) Dividends
C) Expenses
D) Revenues

Question

Quizplus · Accepted Answer

Notes Payable is a liability that represents the amount of money borrowed and owed to lenders. It is a type of debt that a company owes and therefore appears on the balance sheet.

Answer: B) Dividends
 Dividends are a distribution of a company's profits to its shareholders. They are not considered an expense, revenue, or an asset, and therefore do not appear on the balance sheet.

Answer: C) Expenses
 Expenses are costs incurred by a company during its normal operations in order to generate revenue. They are subtracted from revenues to calculate net income or loss but do not appear on the balance sheet.

Answer: D) Revenues
 Revenues are the total amount of money earned by a company from sales of goods and services, interest, and other sources. They are reported on the income statement and do not appear on the balance sheet.

Which of the Following Items Would Appear on a Balance