An expense incurred in 2019 is not paid until 2020. Using the accrual basis of accounting, the expense should appear on A. the 2019 income statement B. both the 2019 and 2020 income statements C. the 2020 income statement D. neither the 2019 nor 2020 income statement Retained earnings for the beginning of a period appears on the statement of retained earnings while the ending balance of retained earnings appears on the statement of retained earnings and the balance sheet. True False