Final answer:
Net Income and Cost of Goods Sold appear on the Income Statement, while Accounts Receivable is found on the Balance Sheet.
Step-by-step explanation:
Within the realm of financial accounting, different financial statements serve specific functions and include certain types of financial information:
The balance sheet is a financial statement that represents a company's financial position at a specific point in time, listing its assets, liabilities, and shareholders' equity. The income statement, on the other hand, shows how the net revenue of the company is transformed into net earnings (profit or loss) over a period of time through the process of deducting expenses from income. The retained earnings statement is typically part of the shareholders' equity section of the balance sheet and also connects to the income statement through the net income that is retained in the company after dividends are paid out to shareholders.