Short Answer
Indicate the financial statement where each item listed below would be found.
BS = the balance sheet
IS = the income statement
CF = the statement of cash flows
F = the notes to the financial statements
N = The item is NOT part of GAAP-based accounting disclosure.
______ 1.inventory
______ 2.cost of goods sold
______ 3.sales
______ 4.cash collected from customers
______ 5.accounts payable
______ 6.cash paid to suppliers
______ 7.management's estimate of inventory's market value next year
______ 8.the cost flow method adopted for inventory valuation
Correct Answer:

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