A company's cost of goods sold would be found on which of the following financial documents?

Question

Quizplus · Accepted Answer

The cost of goods sold is an expense that is reported on the income statement, which shows a company's revenue, expenses, and net income. The balance sheet shows a company's assets, liabilities, and equity at a specific point in time. The cash flow statement shows a company's inflows and outflows of cash over a specific period. The performance statement is not a commonly used financial document.

A Company's Cost of Goods Sold Would Be Found on Which