Which of the following items would appear on a balance sheet? Select one: a. Expenses b....

Which of the following items would appear on a balance sheet?

Select one:

a. Expenses

b. Revenues

c. Dividends

d. Notes Payable

Solutions

Expert Solution

The correct option is d. Notes Payable

Net income for the period =Revenue-Expenses.

From the net income,dividends are deducted to compute retained earnings which is then shown under the 'equity' section of the balance sheet.

Notes payable appears on the liabilities section of the balance sheet(ie it needs to be paid off in the future by the company).

ekkarill92 answered 1 year ago

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