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Required information Use the following information for the Exercies below. (Algo) [The following information applies to the questions displayed below] In the current year, Randa

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Required information Use the following information for the Exercies below. (Algo) [The following information applies to the questions displayed below] 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. Exercise 13-17A (Algo) Income statement categories LO A2 Indicate where each of the following incomerelated items for this company appears on its current year income statement by selecting the appropriate section in the drop down beside each item

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