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For each of the following accounta/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. Proceeds from the issuance of bonds 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 QUESTION 3 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. Gross Profit 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 O Statement of Cash Flows-Investing Activities O 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 item goes in more than one place, you just need to give one of the correct answers, you cannot check multiple answers. Interest Expense 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

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