Balance Sheet Income Statement Statement of Stockholder's Equity 27) Which financial statement would you find this item on? Common Stock 1 Point O Balance Sheet Income statement O Statement of stock holder's equity Income statement and balance sheet O Balance sheet and statement of stockholder's equity 28) Cost Of Goods Sold is: 1 Point O the cost of purchasing merchandise that is then sold to customers O the cost of labor when the good is sold O all selling and administrative expenses O none of the options 29) First in, first-out (FIFO) the first units purchased are assumed to be sold and the ending inventory is made up of the most recent purchas 1 Point True O False 30) The Sarbanes-Oxley Act requires companies to maintain effective internal controls over the recording of transacti and the preparing of financial statements 1 Point True O False Type here to search o RI