M2-20..Identify and Classify Financial Statement Items For each of the following items, indicate whether they would be

Question:

M2-20..Identify and Classify Financial Statement Items For each of the following items, indicate whether they would be reported in the balance sheet (B) or income statement (I).

a. Machinery __

e. Common stock /. Taxes expense _b. Supplies expense _f Factory buildings _j. Cost of goods sold

c. Inventories _g. Receivables k. Long-term debt

d. Sales h. Taxes payable I. Treasury stock

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