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In the current year, Randa Merchandising Incorporated sold its interest in a chain of wholesale outlets, taking the company completely out of the wholesaling business.

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In the current year, Randa Merchandising Incorporated 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. A listing of the major sections of an income statement follows. dicate where each of the following income-related items for this company oppears on its current year income statement by seiecting e appropriate section in the drop down beside each item. In the current year, Randa Merchandising Incorporated 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. A listing of the major sections of an income statement follows. dicate where each of the following income-related items for this company oppears on its current year income statement by seiecting e appropriate section in the drop down beside each item

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