Bounty, Chamin, Downy, Olay, Crest, Vicks, Gillette, Duracell, and others. The f

Question

Bounty, Chamin, Downy, Olay, Crest, Vicks, Gillette, Duracell, and others. The following are items taken from its recent balance sheet and income statement.Note that different companies use slightly different titles for th same item. Select each item in the following list as an asset (A), liability (L), or stockholders' equity (SE) item that would appear on the balance sheet or a revenue (R) or expense (E) item that would appear on the incom Safari Fle Edit View History Bookmarks Develop Window Help tion.com Answer is complete but not entirely correct. Financial Statement Items Categories (1) Accounts receivable (2) Cash and cash equivalents (3) Net sales 4) Debt due within one year (5) Taxes payable (6) Retained earnings (7) Cost of products sold (8) Seling,general, and administrative expense SE (9) Income taxes (10) Accounts payable 11)Trademarnks and other intangible assets (12) Property. plant, and equipment (13) Long-term debt (14) Inventories (15) Interest expense @ 9

Explanation / Answer

Rest are correct

Financial statement item Category Cost of goods sold E Income taxes E

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