Expenses are reported on which of the following financial statement(s)?
A)Income statement
B)Balance sheet
C)Statement of changes in stockholders' equity
D)Income statement and statement of changes in stockholders' equity

Question

Quizplus · Accepted Answer

Expenses and revenues are reported on the income statement.Only permanent accounts are reported on the balance sheet.Net income is reported on the statement of stockholders' equity,but expenses are not.

Expenses Are Reported on Which of the Following Financial Statement(s)