Rent expense that is paid with cash appears on which of the following statements?
A)Balance sheet
B)Income statement
C)Statement of retained earnings
D)Schedule of Accounts Receivable
E)Statement of Cash Received

Question

Quizplus · Accepted Answer

Rent expense is a type of expense that is recognized in the income statement, which shows the company's revenues and expenses over a certain period of time. The other statements listed (balance sheet, statement of retained earnings, schedule of accounts receivable, and statement of cash received) do not typically include information about rent expenses.

Rent Expense That Is Paid with Cash Appears on Which