Final answer:
A balance sheet includes the financial position of a company, specifically its assets, liabilities, and shareholders' equity, but does not include items like revenue and expenses, which are part of the income statement.
Step-by-step explanation:
The question regarding what item is not shown on the balance sheet of a hospitality company falls within the realm of accounting practices in business studies. A balance sheet is a financial statement that provides a snapshot of a company’s financial position at a specific point in time, showing its assets, liabilities, and shareholders' equity. The balance sheet adheres to the fundamental accounting equation where Assets = Liabilities + Shareholders' Equity. Typical items included on a balance sheet for a hospitality company would consist of assets such as cash, inventory, and property, plant, and equipment; liabilities like loans and accounts payable; and equity components, including retained earnings and common stock.
However, it is important to note that items like revenue, expenses, and cash flows from operating activities are not displayed on a balance sheet, as they are included in other financial statements such as the income statement and the cash flow statement. Therefore, any of these items would be the correct answer to the question about what is not shown on a hospitality company’s balance sheet.