Which of the following items is found on an income statement?
A)current assets
B)cost of goods sold
C)cash flows from investments

Question

Quizplus · Accepted Answer

Cost of goods sold is an expense item that is subtracted from revenue to arrive at the company's gross profit on the income statement. Current assets and cash flows from investments are typically found on a company's balance sheet and statement of cash flows, respectively.

Which of the Following Items Is Found on an Income