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For each of the following accounts/descriptions, indicate where in the financial statements the item will go. If an item goes in more than one place, you just need to give one of the correct answers, you cannot check multiple answers. Correction of a material error from two years ago Income Statement-above the subtotal for Net Operating Income Income Statement part of the Other Income (Expense) section Income Statement part of Discontinued Operations Statement of Retained Earnings-prior to Opening Balance, an adjusted Statement of Retained Earnings, after Opening Balance, as adjusted Statement of Cash Flows-Operating Activities Indirect Method) Statement of Cash Flows-investing Activities Statement of Cash Flows Financing Activities following accounts descriptions, indicate where in the financial statements the item wit go. If an item goes in more than one place, you just need to give one of the correct answers, you cannot check multiple answers. Increase in Inventory Income Statement-above the subtotal for Net Operating Income Income Statement part of the Other Income (Expense) section Income Statement part of Discontinued Operations Statement of Retained Earnings-prior to Opening Balance, as adjusted Statement of Retained Earnings, after Opening Balance, as adjusted Statement of Cash Flows-Operating Activities (Indirect Method) Statement of Cash Flows-Investing Activities Statement of Cash Flows Financing Activities For each of the following accounts/descriptions, indicate where in the financial statements the item will go it an item goes in more than one place, you just need to give one of the correct answers, you cannot check multiple answers. Dividends declared Income Statement-above the subtotal for Net Operating Incomo Income Statement part of the Other Income (Expense) section Income Statement-port of Discontinued Operations Statement of Retained Earnings-prior to Opening Balanos, as adjusted Statement of Retained Earrings, after Opening Balonon, as adjusted Statement of Cash Flows-Operating Activities (Indirect Method) Statement of Cash Flows-Investing Activities Statement of Cash Flows-Financing Activities For each of the following accounts/descriptions, indicate where in the financial statements the item will go. If an iter goes in more than one place, you just need to give one of the correct answers, you cannot check multiple answers. Net Income Income Statement-above the subtotal for Net Operating Income Income Statement-part of the Other Income (Expense) section Income Statement part of Discontinued Operations Statorrent of Retained Earning prior to Opening Balion, as adjusted Statement of Retained Earnings, after Opening Balance, as adjusted Statement of Cash Flow-Operating Activities (Indirect Method) Statement of Cash Flows-investing Activities Statement of Cash Flows Financing Activities

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