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Identify where each of the items below appear on an INTERNAL USE multistep income statement Use the following codes to identify where each of the

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Use the following codes to identify where each of the listed items below would appear on an INTERNAL USE Multistep Income Statement 4. Freight Out Expense A. Used to calculate Total Selling, General, and Administration Expenses Cost of Goods Sold B. Used to Calculate Other Revenues and Gain on disposition of LT Investment Expenses Rent Expense C. Used to calculate Gross Profit. Sales Discounts D. Used to calculate Net Sales. Non-operating Interest Expense Sales Revenue Salaries and Wages Expense Sales Returns and Allowances

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