Final answer:
Items recorded in the income statement include regular operating revenues and expenses. Transactions like dividends and interest from investments, if part of the ordinary activities, are recorded in regular sections, not separate ones. Inventory costs are recognized upon sale, and national income reflects all income earned by factors of production.
Step-by-step explanation:
Items that would be presented in the income statement only in the account affected and NOT in a separate section typically include regular operating revenues and expenses. These are the day-to-day transactions that affect a company's net income, such as the cost of goods sold (COGS), sales revenue, administrative expenses, and marketing costs. Contrary to certain significant items like stock or bond transactions that could be presented in a separate section or footnote for clarity, regular operating revenues and expenses are integrated directly into the income statement without the need for such segregation.
Assuming the dividends from stocks and interest from bonds are considered ordinary activities for the company, these would also be recorded within the regular sections of the income statement. For instance, dividends received would typically be recorded as 'dividend income' within the 'other income' section, and interest received would normally appear under 'interest income'. The term 'inventory good that has been produced, but not yet been sold,' refers to items that are considered part of a company's inventory, and their costs are recognized in the income statement only when they are sold, under the 'cost of goods sold'.