Identify the items or sub-headings below that would appear on a multiple-step income statement. (check all that apply.)

1. sales
2. cost of goods sold
3. selling expenses
4. total revenues
5. utilities expense
6. administrative expense (heading for a group of expenses)
7. net income
8. supplies on hand
9. accumulated depreciation
10. income before income taxes
11. gross profit

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:

Job applications give employers uniform information for all employees,making it easier to

Match the different financial task to their corresponding financial life cycle phases