Q: Which of the following are on a Balance Sheet? (there can be more than one)
or
Q: Which of the following are on a Balance Sheet? (more than one may exist.)
- Retained Earnings
- Accounts Payable
- Depreciation Expense
- Cash
- Sales Revenue
Explanation: This represents the accumulated earnings of a company that have not been distributed to shareholders as dividends. This is a liability account that represents money owed to suppliers for goods and services purchased on credit. This is an asset account that represents the amount of cash a company has on hand or in its bank accounts.
