Knowee
Questions
Features
Study Tools

Which item would not appear on a Balance Sheet?1 pointRetained EarningsAccounts Receivable Prepaid expenses Interest Payable Gross Profit

Question

🧐 Not the exact question you are looking for?Go ask a question

Solution 1

The item that would not appear on a Balance Sheet is "Gross Profit".

Here's why:

  1. A balance sheet is a financial statement that provides a snapshot of what a company owns (assets), what it owes (liabilities), and the shareholders' interest (equity) at a specific point in time.

  2. "Retained Ear Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  

This problem has been solved

Similar Questions

Which of the following would you NOT expect to see on a balance sheet?Group of answer choicesLiabilitiesCapitalExpensesCash

Prepaid expenses appear in the ______section of the balance Sheet?

Which of the following accounts would not appear on a balance sheet?

The Balance Sheet provides information about all of the following, except __________.1 pointShareholders’ equityLiabilitiesAssetsRevenues

Which of the items below would appear in the Income Statement columns of the work sheet?Group of answer choicesEquipmentUnearned FeesPrepaid ExpenseNet Loss

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.