For each of the following indicate whether the item is an operating item on the income statement (O),a nonoperating item on the income statement (N),considered other comprehensive income (C),or a balance sheet item (B).
_____ 1.Sales
_____ 2.Cash
_____ 3.Unrealized Gains
_____ 4.Gain on sale of equipment
_____ 5.Tax Expense
_____ 6.Advertising Expense
_____ 7.Loss due to fire damage
_____ 8.Interest Payable
_____ 9.Cost of Goods Sold
_____ 10.Accumulated Depreciation

Question

Quizplus · Accepted Answer

The Answer of For each of the following indicate whether the item is an operating item on the income statement (O),a nonoperating item on the income statement (N),considered other comprehensive income (C),or a balance sheet item (B).
_____ 1.Sales
_____ 2.Cash
_____ 3.Unrealized Gains
_____ 4.Gain on sale of equipment
_____ 5.Tax Expense
_____ 6.Advertising Expense
_____ 7.Loss due to fire damage
_____ 8.Interest Payable
_____ 9.Cost of Goods Sold
_____ 10.Accumulated Depreciation

For Each of the Following Indicate Whether the Item Is