Which of the following would you find on the Balance Sheet? Question 21 options: 1) Salary...

Which of the following would you find on the Balance Sheet?

Question 21 options:

1)	Salary expense

Sales

3)	Retained earnings

4)	Loss on sale of investment

5)	Dividends paid

6)	Capital stock

Cash

8)	Net income

9)	Gain on sale of building

10)	Income tax expense

Solutions

Expert Solution

The following would be found on Balance Sheet:

Retained earnings

Capital stock

Cash

Salary expense, Sales,Loss on sale of investment,Net income,Gain on sale of building and Income tax expense would be found on the Income Statement.

Dividends paid would be found on Statement of Retained Earnings.

ekkarill92 answered 2 years ago

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