Which of the following accounts would never be reported in the income statement as an expense?
A) Depreciation expense.
B) Income taxes expense.
C) Interest expense.
D) Dividends expense.

Question

Quizplus · Accepted Answer

Dividends are not considered an expense and should not be reported in the income statement. Instead, dividends are reported in the statement of changes in equity or in the notes to the financial statements. A, B, and C are all expenses that would typically be reported in the income statement.

Which of the Following Accounts Would Never Be Reported in the Income