Refer to the income statement for Circuit City in Appendix A. What does Circuit City title its cost of a goods sold account?

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND COMPREHENSIVE INCOME (Amounts in thousands except per share data) BALANCE AT FEBRUARY 28, 2002. Net earnings and comprehensive income. Compensation for stock options... Exercise of common stock options... Shares issued under employee stock purchase plans. Shares Outstanding Common Stock Circuit CarMax Circuit CarMax Capital In Excess of City Group City Group Par Value Retained Earnings 208,823 36,851 $104,411 $ 18,426 $893,537 34,637 311 246 156 123 5,035 229 421 1111 7,400 17,207 5.986 (8,081) 9,830 457 Shares issued under stock incentive plans. 843 Tax effect from stock issued. Cancellation of restricted stock... (479) (240) Unearned compensation restricted stock. Cash dividends-common stock ($0.07 per share).. Accumulated Other Comprehensive Income $1,744,129 $ 82,263 - Total $2,760,503 82,263 34,637 5,314 7,629 17,628 5,986 (8,325) 9,830 (14,687) - (14,687) (536,765) 28,400 (555,310) 28.400 965.551 1,303,340 (89,269) 2,373,868 (89,269) (79,720) (84,353) 24,184 24,184 11,843 12.528 Distribution of CarMax, Inc. common stock to stockholders.... (37,089) (18,545) Special dividend from CarMax BALANCE AT FEBRUARY 28, 2003. 209,955 104.977 Net loss and comprehensive loss. Repurchases of common stock... (9,266) (4,633) Compensation for stock options.. - Exercise of common stock options. 1,369 685 Shares issued under stock incentive plans. 2,546 1,273 19,312 Tax effect from stock issued. (10,595) Cancellation of restricted stock... (705) (352) (10,074) Unearned compensation restricted stock 2,099 Cash dividends-common stock ($0.07 per share). 20,585 (10,595) (10,426) 2,099 (14,660) (14,660)