Expenses are shown in which of the following statements?

Question

Quizplus · Accepted Answer

Expenses are typically shown on the income statement, which is also known as the statement of operations or statement of earnings. The income statement shows a company's revenues and expenses over a period of time, and the difference between the two is the company's profit or loss. The other statements listed (B-D) may contain information related to expenses, but the income statement is the primary statement on which expenses are presented.

Expenses Are Shown in Which of the Following Statements