[The following information applies to the questions displayed below.]   A company's chart of accounts includes, in part, the following account numbers and corresponding account titles:Account No.Account Title(1)Cash(2)Merchandise inventory(3)Cost of goods sold(4)Transportation-out(5)Dividends(6)Common stock(7)Selling expense(8)Loss on the sale of land(9)SalesWhich accounts would appear on the income statement?

A. Account numbers 3, 4, 7, 8, and 9
B. Account numbers 3, 5, 7, and 8
C. Account numbers 2, 3, 7, 8, and 9
D. Account numbers 3, 4, 5, 7, and 9


Answer: A

Business

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What will be an ideal response?

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