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Arlecino [84]
3 years ago
5

Identify which items belong on the income statement. multiple choice Accounts receivable, net income, and dividends Revenue, exp

enses and net income Cash, accounts receivable, and common stock Dividends, beginning retained earnings, ending retained earnings
Business
1 answer:
sesenic [268]3 years ago
7 0

Items that belong in the income statement include:

  • Revenue, expenses and net income

<h3>The Income Statement </h3>
  • Is used to calculate the total income earned by a company in a given period.
  • Lists the revenue and expenses.

The net income will then be calculated by deducting the expenses from the revenue.

In conclusion, the income statement shows revenue, expenses, and income.

Find out more about the income statement at brainly.com/question/14818051.

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ACME Inc.'s contribution margin ratio is 58% and its fixed monthly expenses are $36,000. Assuming that the fixed monthly expense
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