Question
n 2017, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company completely out of the wholesaling business. The company
n 2017, 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-related items for this company appears on its 2017 income statement by selecting the appropriate section in the drop down beside each item.
net Sales
Gain on states condemnation of company property
cost of goods sold
income taxes exspense
Gain on sale of wholesome business segment, net of tax
Loss from operating wholesale business segment, net of tax
Loss of assets from meteor strike, net of tax
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