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Explain where each of the following items would appear

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Reference no: EM131143818

Explain where each of the following items would appear on 

(1) A multiple step income statement, and on 

(2) A single-step income statement: 

(a) Gain on sale of equipment,

(b) Interest expense, 

(c) Casualty loss from vandalism, and 

(d) Cost of goods sold.

Reference no: EM131143818

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