You are the general manager of Klockner Steel. A section of your facility stores a new batch of processed steel intended for delivery to customers. Where would the cost of that newly processed steel show up on the financial statements? Choose all that apply. The Cash Flow Statement change in accounts receivable line The income statement cost of goods sold (COGS) line The Cash Flow Statement change in inventory line The income statement SG&A line The balance sheet accounts payable line The balance sheet inventory line The CEO of Cracker Barrel has decided that the firm needs to target customers in the 20 to 25 year old age range. So, breaking a long tradition, some locations start to offer hard liquor. Which of the following are implications for the financial statements? Select all that apply. Payment of the state alcohol tax adds to the overall tax that Cracker Barrel pays Revenues increase, that is all that is affected by the sale of alcohol at Cracker Barrel locations. Older repeat customers are dismayed by the drinking and stop going; this detracts from revenues Younger customers are attracted and their purchases add to revenues The cost of insurance increases to cover liability from drunks The value of intangibles on the balance sheet declines because Cracker Barrel's brand value is negatively impacted by its association with alcohol