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In the current year, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company completely out of the wholesaling business.
In the current year, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company completely out of the wholesaling business. The company still operates its retail outlets. Indicate where each of the following income statement-related items for this company appears on its current year income statement by selecting the appropriate section in the drop down beside each item. Section Item Depreciation expense Income tax expense Selling and administrative expense Amortization expense Gain on state's condemnation of company property Loss of assets from meteor strike Loss from property seized by foreign government Cost of goods sold
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