QUESTION ZZ The Cost of Goods Sold account appears as a separate line item on which financial statement? a. Cash Flows Statement. b. Balance Sheet oc. Income Statement. od. Statement of Stockholder's Equity QUESTION 23 Which of the following is not considered a period cost? a. Transportation cost on goods shipped to customers, b. Salaries paid to employees of a retailer. c. Transportation cost on goods received from suppliers. d. Utility expense for the current month