Which of the following line items will appear on the income statement of a merchandiser but not of a service company?

A$)$ Cost of Goods Sold

B$)$ Salaries Expense

C$)$ Depreciation Expense

D$)$ Supplies Inventory

On the balance sheet of a retailer, the Merchandise Inventory account

A$)$ represents the value of inventory that has been sold during the period

B$)$ is listed after prepaid assets

C$)$ is not included because it is an income statement account

D$)$ is included in the current assets section