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Identify which of the following items would be reported in the income statement. a. Cash d. Wage expense g. Net income b. Sales e. Wages
Identify which of the following items would be reported in the income statement.
a. Cash d. Wage expense g. Net income b. Sales e. Wages payable h. Inventory c. Long-term debt f. Retained earnings i. Cost of goods sold
Items reported in the income statement would include:
1. b, e, g, and h
2. d, f, g, and h
3. a, b, d, and i
4. b, e, f, and g
5. b, d, g, and i
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