Answered step by step
Verified Expert Solution
Question
1 Approved Answer
86/quizzes/77293 Question 5 Which of the following statement is false? Revenue accounts (e.g., sales revenue, service revenue, interest revenue) appear on income statement. 0/2.5
86/quizzes/77293 Question 5 Which of the following statement is false? Revenue accounts (e.g., "sales revenue", "service revenue", "interest revenue") appear on income statement. 0/2.5 pts Expense accounts (e.g., "cost of goods sold", "salary expense", "interest expense", "income tax expense") appear on income statement. Dividend account appears on statement of retained earnings.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started