Current Attempt in Progress Explain where each of the following items would appear on a multiple-step income statement. Section Item Gain on disposal of plant assets Cost of goods sold Depreciation expense Other expenses and losses Cost of goods sold Operating expenses Sales revenues Other revenues and gains Sales returns and allowances Current Attempt in Progress Explain where each of the following items would appear on a multiple-step income statement. Item Section Gain on disposal of plant assets Cost of goods sold > Depreciation expense > Sales returns and allowances