Required:

Determine the financial statement where the specified user would most likely find the answer to the question. Select between the income statement, balance sheet, and statement of stockholders' equity.

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a$.$

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User:

Management

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Question:

How did selling expense compare to that of last year?

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$$

$$

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b$.$

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User:

Supplier of inventory

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$$

Question:

How much does the company currently owe in accounts payable?

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$$

$$

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c$.$

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User:

Banker

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Question:

How much debt does the company have on its books?

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$$

$$

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d$.$

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User:

Stockholder

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Question:

How much did the company pay in dividends this past year?