Question: 2. Classification of financial statement items Please indicate whether the following items are reported on the Income statement (I) or Balance sheet (B) Income statement

2. Classification of financial statement items Please indicate whether the following items are reported on the Income statement (I) or Balance sheet (B) Income statement (I) or Balance sheet (B) 1 Machinery & Equipment Wages expense Inventories Sale revenue Common stock Accounts receivables Interest payable Long-term debt Cost of goods sold Uneamed revenue

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