Which of the following items would not appear in an income statement?
A)Delivery Expense.
B)Accounts Payable.
C)Service Revenue.

Name: Which of the following items would not appear in an income statement? A)Delivery Expense. B)Accounts Payable. C)Service Revenue.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

Accounts Payable is a liability account and it would appear in a balance sheet, not an income statement. Delivery Expense and Service Revenue are both income statement items.

Which of the Following Items Would Not Appear in an Income