Use the following account numbers and corresponding account titles to answer the following question. Account Number...

 

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Use the following account numbers and corresponding account titles to answer the following question. Account Number Account Title (1) Cash Merchandise inventory (2) (3) (4) (5) (6) (7) (8) Cost of goods sold Transportation-out Dividends Common stock Selling expense Loss on the sale of land (9) Sales revenue Which accounts would affect the amount of net income shown on the income statement? Multiple Choice Account numbers 3, 4, 5, 7, and 9. Multiple Choice Account numbers 3, 4, 5, 7, and 9. Account numbers 3, 5, 7, and 8. O Account numbers 3, 4, 7, 8, and 9. O Account numbers 2, 3, 7, 8, and 9. Use the following account numbers and corresponding account titles to answer the following question. Account Number Account Title (1) Cash Merchandise inventory (2) (3) (4) (5) (6) (7) (8) Cost of goods sold Transportation-out Dividends Common stock Selling expense Loss on the sale of land (9) Sales revenue Which accounts would affect the amount of net income shown on the income statement? Multiple Choice Account numbers 3, 4, 5, 7, and 9. Multiple Choice Account numbers 3, 4, 5, 7, and 9. Account numbers 3, 5, 7, and 8. O Account numbers 3, 4, 7, 8, and 9. O Account numbers 2, 3, 7, 8, and 9.

Answer rating: 100% (QA)

Correct Answer option 3 Account number 3478 and 9 Accounts that would affect ... View the full answer