Which of the following items is not reported as an expense on the income statement?
Posted: Sat Aug 07, 2021 6:54 am
A) Interest expense.
B) Dividends paid.
C) Selling, general, and administrative expenses.
D) Cost of goods sold.
Answer: B
Explanation: Interest expense, selling, general and administrative expenses, and cost of goods
sold are all reported as expenses on the income statement. Dividends paid is not an expense.
B) Dividends paid.
C) Selling, general, and administrative expenses.
D) Cost of goods sold.
Answer: B
Explanation: Interest expense, selling, general and administrative expenses, and cost of goods
sold are all reported as expenses on the income statement. Dividends paid is not an expense.