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A list of financial statement items follows: Utilities expense, building, common stock, net income, land, equipment, revenues, account receivable, accounts payable, rent expense, dividends, fees
A list of financial statement items follows: Utilities expense, building, common stock, net income, land, equipment, revenues, account receivable, accounts payable, rent expense, dividends, fees earned, cash, supplies wages expense. Indicate whether each item is found on the income statement, statement of retained earnings, and/or balance sheet. Also which statement is most closely associated with the goal of profitability?
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