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 (BS) or income statement (IS).
(a) _____ Income tax expense.
(b) _____ Inventories.
(c) _____ Accounts payable.
(d) _____ Retained earnings.
(e) _____ Property, plant, and equipment.
(f) _____ Net sales.
(g) _____ Cost of goods sold
(h) _____ Common stock.
(i) _____ Receivables.
(j) _____ Interest expense.