All of the following line items are found on the income statement EXCEPT for:
A)cost of goods sold.
B)interest expense.
C)operating expense.
D)dividends declared.

Name: All of the following line items are found on the income statement EXCEPT for: A)cost of goods sold. B)interest expense. C)operating expense. D)dividends declared.
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Question

Quizplus · Accepted Answer

Dividends declared are not found on the income statement; they are a distribution of earnings and appear on the statement of changes in equity.

All of the Following Line Items Are Found on the Income