There are several balance sheet and income statement accounts related to the acquisition and payment cycle. The most significant balance sheet and income statement accounts are: (Select all that apply.)

A. Property, plant and equipment

B.Other accrued liabilities

C.Taxes

D.Other significant accounts such as administrative expense, rent expense, repairs and maintenance, or legal expense.

E.Cash in bank

F.Commissions

G.Sales

H.Accounts payable

I.Accounts receivable

J.Prepaid expenses

K.Cost of goods sold (including purchases)

L.Income tax expense

M.Depreciation expense