4. Which of the following items cannot be found on a firm’s
balance sheet under current liabilities?
a. Accounts payable.
b. Short-term notes payable to the bank.
c. Accrued wages.
d. Cost of goods sold.
e. Accrued payroll taxes.
d. Cost of goods sold
Cost of goods sold is an income statement item whixh appears as
a deduction to Sales.