Q: Which of the following are on an Income Statement? (there can be more than one)
or
Q: On an income statement, which of the following is true? (more than one may exist.)
- Cost of Goods Sold
- Retained Earnings
- Interest Expense
- Selling, General, and Administrative Expense
Explanation: This reflects the direct costs of producing the goods that a company sells. This represents the cost incurred on borrowed funds. This includes the overhead costs related to selling products and running the business.
