How many of the following items are found on the balance sheet, rather than the income statement? • Accounts receivable • Retained earnings • Income tax expense • Accrued payable • cash • Selling and administrative expenses • Plant and equipment • Operating expense • Marketable securities • Interest expense

Question

Bryson

Business

5 August, 16:42

How many of the following items are found on the balance sheet, rather than the income statement? • Accounts receivable • Retained earnings • Income tax expense • Accrued payable • cash • Selling and administrative expenses • Plant and equipment • Operating expense • Marketable securities • Interest expense

+3

Answers (2)

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Mariana Henson · Answer 1

These are found on the Balance sheet

Accounts receivable Retained Earnings Accrued payable Cash Plant and equipment Marketable securities

Missie · Answer 2

Answer: Items are classified as follows:

Accounts receivable - Balance sheet. Retained earnings - Balance sheet. Income tax expense - Income statement. Accrued payable - Balance sheet. Cash - Balance sheet. Selling and administrative expenses - Income statement. Plant and equipment - Balance sheet. Operating expense - Income statement. Marketable securities - Balance sheet. Interest expense - Income statement.