221.A ______________________ income statement includes cost of goods sold as another expense and shows only one subtotal for total expenses. 222.Non-operating activities that include...





221.A ______________________ income statement includes cost of goods sold as another expense and shows only one subtotal for total expenses.












222.Non-operating activities that include interest, dividend, and rent revenues, and gains from asset disposals are called _____________________________.












223.Non-operating activities that include interest expense, losses from asset disposals, and casualty losses are reported as ____________________________.












224.When a company has no reportable nonoperating activities, its income from operations is reported as ___________________.












225.Under the ______________ inventory accounting system, each purchase, purchase return and allowance, purchase discount, and transportation-in transaction is recorded in a separate temporary account.














May 15, 2022
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