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Eskimo Pie Corporation markets a broad range of frozen treats, including its famous Eskimo Pie ice cream bars. The following items were taken from a recent income statement and balance sheet.
In each case, identify whether the item would appear on the balance sheet or income statement.
| a. | select a financial statement Balance SheetIncome Statement |
Income tax expense. | ||
|---|---|---|---|---|
| b. | select a financial statementBalance SheetIncome Statement |
Inventory. | ||
| c. | select a financial statementBalance SheetIncome Statement |
Accounts payable. | ||
| d. | select a financial statementIncome StatementBalance Sheet |
Retained earnings. | ||
| e. | select a financial statementIncome StatementBalance Sheet |
Equipment. | ||
| f. | select a financial statementBalance SheetIncome Statement |
Sales revenue. | ||
| g. | select a financial statementIncome StatementBalance Sheet |
Cost of goods sold. | ||
| h. | select a financial statementBalance SheetIncome Statement |
Common stock. | ||
| i. | select a financial statementBalance SheetIncome Statement |
Accounts receivable. | ||
| j. | select a financial statementIncome StatementBalance Sheet |
Interest expense. |
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