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Following are selected accounts for a manufacturing company. For each account, indicate whether it will appear on a budgeted income statement or a budgeted

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Following are selected accounts for a manufacturing company. For each account, indicate whether it will appear on a budgeted income statement or a budgeted balance sheet. If an item will not appear on either budgeted financial statement, label it neither. Gross profit Sales Common stock Accounts Payable Cash dividends paid Accumulated depreciation Office salaries expense Cost of goods sold

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