Cost of goods sold is located on which financial statement?
A)Income statement
B)Balance sheet
C)Statement of cash flows
D)All of the above

Name: Cost of goods sold is located on which financial statement? A)Income statement B)Balance sheet C)Statement of cash flows D)All of the above
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Question

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Cost of goods sold is an expense item that is subtracted from revenue on the income statement to arrive at gross profit. It is not reported on the balance sheet or statement of cash flows.

Cost of Goods Sold Is Located on Which Financial Statement