Expenses are shown in which of the following statements?
A)Income statement.
B)Statement of cash flows.
C)Balance sheet.

Question

Quizplus · Accepted Answer

Expenses are typically shown on the income statement, which reflects a company's revenues and expenses over a specific time period (such as a quarter or year). The statement of cash flows and balance sheet can also provide information on a company's expenses, but they do not typically present expenses in as much detail as the income statement.

Expenses Are Shown in Which of the Following Statements