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

Business

Landon Beard

18 March, 06:55

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

+4

Answers (2)

Know the Answer?

Bobby Moreno · Answer 1

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.

Nayeli · Answer 2

These are found on the Balance sheet

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