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Below is a list of financial statement components with a corresponding letter code. Sales revenue (net) b. Cost of goods sold c. Selling expenses d.
Below is a list of financial statement components with a corresponding letter code.a.Sales revenue (net)b.Cost of goods soldc.Selling expensesd.General and administrative expensese.Other revenue and expensesf.Results from discontinued operationsg.Extraordinary itemsh.Prior period adjustmentsi.Additions to retained earnings (other than h)j.Deductions from retained earnings (other than h)k.Footnotes to financial statementsl.Ending balance sheet____1.Merchandise inventory (beginning).____2.Cash dividends declared on common stock.____3.Flood loss (infrequent and unusual).____4.Expenses incurred as a result of a strike.____5.Discount on bonds payable.____6.Correction of erroneous overstatement of last year's ending inventory.____7.Loss from write-off of a significant accounts receivable (frequent, not unusual).____8.Additional depreciation on office equipment resulting from decrease in estimated useful life.____9.Interest expense.____10.Transportation-in.Required:Indicate where each component would be reported in the financial statements by inserting the corresponding code letters in the space provided.
