Which of the following would appear on an income statement?

Question

Quizplus · Accepted Answer

Cost of Sales refers to the cost of goods or services sold by a company and is always included in the income statement.

Answer: A, C, D are not correct choices.
 Unearned Revenue is a liability account and would not appear on an income statement. Retained Earnings is a component of equity and only appears on the balance sheet. Dividends are paid out to shareholders and are not a part of the income statement, but they are noted in the statement of changes in equity.

Which of the Following Would Appear on an Income Statement