Which of the following is not an element of the income statement? Revenues. Liabilities. Expenses. Gains.

Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter13: Valuation: Earnings-based Approach
Section: Chapter Questions
Problem 2QE
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Which of the following is not an element of the income statement?

  1. Revenues.
  2. Liabilities.
  3. Expenses.
  4. Gains.
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