Match each of the following accounts to the appropriate sect

Match each of the following accounts to the appropriate section or subsection of a multiple-step income statement as provided. Sections may be used once, more than once, or not at all.

Advertising

Dividend Revenue

Freight-In

Loss on Disposal of a Component Business

Purchase Discounts

Sales Discounts

Officers\' Salaries

Freight-Out

Interest Income

Other Revenue

Discontinued Operations

General or Administrative Expenses

Cost of Goods Sold (Addition to Purchases)

Comprehensive Income

Cost of Goods Sold (Subtracted from Purchases)

Selling Expense

Selling Expense

Subtracted from Gross Revenue

Other Revenue

Discontinued Operations

Advertising    Dividend Revenue    Freight-In Loss on Disposal of a Component Business    Purchase Discounts Sales Discounts Officers\' Salaries    Freight-Out    Interest Income

a. Other Revenue b. Discontinued Operations c. General or Administrative Expenses d. Cost of Goods Sold (Addition to Purchases) e. Comprehensive Income f. Cost of Goods Sold (Subtracted from Purchases) g. Selling Expense h. Selling Expense i. Subtracted from Gross Revenue j. Other Revenue k. Discontinued Operations

Solution

Account section Advertising selling expenses Dividend revenue Other Revenue Freight In cost of goods sold (Addition to Purchases ) Loss on Disposal of a component Business Discontinued Operations Purchase discounts cost of goods sold (Subtracted from purchases) Sales Discounts subtracted from Gross revenue Officers salaries General or Administrative Expenses Freight - Out selling Expense Interest income Other Revenue