Which item would not appear on a Balance Sheet?1 pointRetained EarningsAccounts Receivable Prepaid expenses Interest Payable Gross Profit
Question
Solution 1
The item that would not appear on a Balance Sheet is "Gross Profit".
Here's why:
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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.
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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.
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