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277777777777777777 Indicate by use of the dropdown how each of the following items would be classified on a income statement. Classifications may be used more

277777777777777777

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Indicate by use of the dropdown how each of the following items would be classified on a income statement. Classifications may be used more than one time or not at all. Sales Returns [ Choose ] Loss on sale of a strategic component of the business [ Choose ] Bad Debt Expense [ Choose ] Dividends declared and paid to our shareholders during the current period [ Choose ] Interest Expense [ Choose ] The cost of commissions earned by the sales staff in the current period [ Choose ] Quarterly dividends received from long-term investments [ Choose ] Depreciation expense [ Choose ] Costs incurred to acquire inventory that was sold this period [ Choose ] [ Choose ] Selling, general, and administrative expenses Loss due to flood damage Results from discontinued operations Sales revenues (net) Cost of goods sold Other items Not a determinant of net income

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