7. Expenses that relate to such activities as personnel management, accounting, and store security generally should appear in a multiple-step income statement in the a. Cost of Goods Sold section b. Administrative Expenses section. c. Non-operating section. d. Selling Expenses section. 8. Which of the following accounts should appear in the Non-operating section of a multiple-step income statement? a. Freight Out b. Cost of Good Sold c. Sales Returns and Allowances d. Interest Expense 9. When a petty cash fund is in use, a. an entry must be made to the appropriate expense, asset, etc. account when a disbursement is made. b. the size of the fund should be such that it can be used to cash employees' bi- monthly payroll cheques. c. entries are generally made to Petty Cash only when it is initially set up or the stipulated amount of the fund is changed. d. an entry is made to Petty Cash when the fund is replenished to its original amount 10. The bank statement that a depositor receives from the bank includes a. notification of amounts deducted by the bank to cover such things as the cost of a supply of new cheques ordered by the depositor. b. a designation of which cheques are still outstanding at the end of the month. c. a designation of which deposits are in transit at the end of the month. d. notification of errors made by the depositor in recording cheques written during the month in the depositor's accounts