Question

Eskimo Pie Corporation markets a broad range of frozen treats, including its famous Eskimo Pie ice cream bars. The following items were taken from a recent income statement and balance sheet. In each case, identify whether the item would appear on the balance sheet or income statement. Income tax expense. Inventory. Accounts payable. Retained earnings. Equipment. Sales revenue. Cost of goods sold. Common stock. Accounts receivable. G) Interest expense.

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Answer #1
Income statement Income tax expense
Balance sheet inventory
Balance sheet accounts payables
Balance sheet Retained earnings
Balance sheet Equipment
Income statement Sales revenue
Income statement COGS
Balance sheet Common stock
Balance sheet Accounts receivables
Income statement Interest expense
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