For each of the items listed below, indicate in what section of the income statement or retained earnings statement these items should be classified. Use the following letter code for your selections:

1. Reported as an Ordinary or unusual gain (loss) item on the income statement as part of Income from Continunigng operations.
2. The item is classified as a Change in Accounting Estimate and is reported as part of continuing operations on the income statement
3. The item is classified as Discontinued operations and is reported on the income statement net of related taxes.
4. The items is classified as a Change in Accounting Principle and is reported on the retained earnings statement.
5. The item is classified as a Correction of an Error and as a Prior period adjustment on the retained earnings statement.
6. The item is classified as Other comprehensive income and is reported on the comprehensive income statement.

-------A. The company reported unrealized gain from investment classified as Available for Sale.

____ B. In computing the depreciation in 2013 for equipment, an error was made which overstated income in that year $75,000. The error was discovered in 2015.

____ C. In 2015, the company changed its method of accounting for its inventory from FIFO to average cost.

__------ D.Loss on the disposal of a separate line of the business.

______ E. The company neglected to record its correct ending inventory in the previous year.

______ F. The company has suffered a loss from a flood.

______ G. The usefull life of a depreciable asset was changed , thus decreasing depreciation expense.

______ H. Discontinuance of all production in New Jersey. The manufacturing operations were relocated to New Mexico.