Assume Accrual Basis Accounting Is Used

Multiple Choice

Assume accrual basis accounting is used.Which of the following statements about income statement accounts is correct?

A) Costs incurred to help generate revenue are only reported as expenses on the income statement if they are paid in cash in the same period as the revenue received.
B) Revenue accounts are shown after the amount of expense accounts on the income statement.
C) Revenue accounts include Cash, Accounts Receivable, and Unearned Revenue.
D) There is no Net Income account.