Which element would be found on a balance sheet?

Cost of goods sold (COGS) is an expense that represents the direct costs attributable to the production of the goods sold by a company. While it is important for determining gross profit on the income statement, it does not appear on the balance sheet, which focuses on assets, liabilities, and equity.

Revenues refer to the income generated from normal business operations, usually recorded on the income statement. They represent money earned by the company before any expenses are deducted. Revenues do not appear on the balance sheet, which lists the company's financial position rather than its performance over a period.

Wage expenses are costs incurred for employee compensation and are categorized as operating expenses on the income statement. Like COGS and revenues, wage expenses do not provide a snapshot of a company's financial position and are therefore not found on the balance sheet.