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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![]() |
Income tax expense. | ||
---|---|---|---|---|
b. | select a financial statement![]() |
Inventory. | ||
c. | select a financial statement![]() |
Accounts payable. | ||
d. | select a financial statement![]() |
Retained earnings. | ||
e. | select a financial statement![]() |
Equipment. | ||
f. | select a financial statement![]() |
Sales revenue. | ||
g. | select a financial statement![]() |
Cost of goods sold. | ||
h. | select a financial statement![]() |
Common stock. | ||
i. | select a financial statement![]() |
Accounts receivable. | ||
j. | select a financial statement![]() |
Interest expense. |
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