Which of the following accounts would be found on the Income Statement? a) Cash b) Prepaid Insurance c) Service Revenue d) Unearned Revenue

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 23MC: Which of the following accounts would not be reported under revenue on a simple income statement? A....
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Which of the following accounts would be found
on the Income Statement?
a) Cash
b) Prepaid Insurance
c) Service Revenue
d) Unearned Revenue
Transcribed Image Text:Which of the following accounts would be found on the Income Statement? a) Cash b) Prepaid Insurance c) Service Revenue d) Unearned Revenue
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