Which of the following appears on the balance sheet?
A) Rent income
B) Depreciation expense
C) Net sales
D) Merchandise inventory

Name: Which of the following appears on the balance sheet? A) Rent income B) Depreciation expense C) Net sales D) Merchandise inventory
Brand: Quizplus
Rating: 4.7 (26 reviews)

Question

Quizplus · Accepted Answer

Merchandise inventory is an asset that appears on the balance sheet. Rent income, depreciation expense, and net sales are all items that appear on the income statement.

Which of the Following Appears on the Balance Sheet