Which of the following would not appear on a multiple-step budgeted income statement?

B)income tax expense
D)salaries payable

Question

Which of the following would not appear on a multiple-step budgeted income statement?

B)income tax expense 
D)salaries payable

Quizplus · Accepted Answer

Salaries payable is a balance sheet account and would not appear on the income statement, whether for a single step or multiple-step format. The other options, cost of goods sold, income tax expense, and net income, are all components of a multiple-step income statement.

Which of the Following Would Not Appear on a Multiple-Step