Which of the following will NOT appear on the Statement of Income?
A) depreciation
B) interest
C) cost of goods sold
D) dividends

Question

Quizplus · Accepted Answer

The Statement of Income only includes revenues and expenses related to the operations of the business. Dividends are payments made to shareholders and are not related to the operations of the business, so they do not appear on the Statement of Income. Depreciation, interest, and cost of goods sold are all expenses related to the operations of the business and would appear on the Statement of Income.

Which of the Following Will NOT Appear on the Statement