Which of the following is NOT included in the Income Statement?

The Income Statement is designed to provide a summary of a company's revenues, expenses, and profits over a specific period. It primarily focuses on the operational performance of a business and does not report on the balance sheet items, such as assets, liabilities, and equity.

Assets, which are included in the Balance Sheet, represent resources owned by the company that will provide future economic benefits. Since the Income Statement reflects performance over a period of time and not the financial position at a specific point, it does not include any information about assets.

The other options listed are key components of the Income Statement. Net interest expenses represent the interest payments made on debt minus any interest income earned, therefore, reflecting the cost of financing. Selling, General and Administrative (SG&A) expenses encompass the overhead costs of running a business, excluding costs tied directly to production. Cost of Goods Sold (COGS) includes all the direct costs attributed to the production of the goods sold during the period. Each of these categories contributes to understanding the profitability of the company within that timeframe, making them integral to the Income Statement.