Cost of Goods Sold + [D A) D. Accumutaten depreciation is a contra asset account and has a normat debit Dalance. Q4 Which of the following statement is FALSE? A. Nonoperating activities consist of various that are unrelated to the company's main revenues and expenses and gains and losses line of operations. B. For manufacturing company such as Toyota, interest revenue from notes receivable and marketable securities belongs to the "Other Revenues and multi-step income statement. Gains" section in the C. For manufacturing company such as Toyota, and equipment belongs to the "Other Expenses loss from the sale or abandonment of and Losses" section in property, plant, the multi-step income statement. D. Nonoperating activities section is NOT listed in the multi-step income statement. Q5 Which of the following statement is FALSE? A. For manufacturing capital stock belongs to the dividend revenue from investments in and Gains" section in the multi-step company such Toyota, "Other Revenues income statement gain from the sale of property, plant, and "Other Revenues and Gains" section in the multi-step income B. For manufacturing compa such s Toyota, equipment belongs to statement. C. Comprehensive statement presents items that are included in the determination income of net income and loans company such as Toyota, "Other Expenses and interest expense on notes Losses" section in the multi-step income D. For manufacturing payable belongs to the statement