The cost of goods sold is found on which financial statement? a) Balance Sheet b) Income Statement c) Statement of Retained Earnings d) Statement of Cash Flows

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 17MC: Which statement is most directly affected by a change to net income? A. balance sheet B. income...
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The cost of goods sold is found on which financial
statement?
a) Balance Sheet
b) Income Statement
c) Statement of Retained Earnings
d) Statement of Cash Flows
Transcribed Image Text:The cost of goods sold is found on which financial statement? a) Balance Sheet b) Income Statement c) Statement of Retained Earnings d) Statement of Cash Flows
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