QUESTION 22 The Cost of Goods Sold account appears as a separate line item on which financial statement? a. Cash Flows Statement. b. Statement of Stockholder's Equity C. Balance Sheet. d. Income Statement. QUESTION 23 Which of the following is not considered a period cost? a. Utility expense for the current month. b. Transportation cost on goods shipped to customers. c. Transportation cost on goods received from suppliers. d. Salaries paid to employees of a retailer. QUESTION 24 Crasco had beginning inventory oftan andanding inventory of The cost ofonds sold was 3