Check the appropriate box to indicate to which financial statement line item described belongs. An office furniture

Check the appropriate box to indicate to which financial statement line item described belongs.

Transcribed Image Text:

An office furniture retailer purchases furniture to sell to a customer. The furniture has been sold. An office furniture retailer purchases furniture for use in its reception area. An office furniture retailer purchases furniture to sell to a customer. The furniture has not been sold. Cost of goods sold Inventories Property, Plant and Equipment Short-term Investment