Which of the following accounts is not a liability on the balance sheet?
Posted: Sat Aug 07, 2021 6:43 am
A) Retained earnings.
B) Notes payable.
C) Accounts payable.
D) Interest payable.
Answer: A
Explanation: Retained earnings is reported on the balance sheet as a component of stockholders'
equity.
B) Notes payable.
C) Accounts payable.
D) Interest payable.
Answer: A
Explanation: Retained earnings is reported on the balance sheet as a component of stockholders'
equity.