n NISM Certifications
XV NISM Series XV
Medium

Which of the following items is included in an income statement?

Practice question from NISM XV Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Cost of goods sold

    Correct answer

  2. B

    Fixed assets

  3. C

    Accounts receivable

  4. D

    Long-term debt

Why this is the answer

COGS is an expense reported in the income statement. The other options are balance sheet items.

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