Requlred Information [The following information applies to the questions displayed below.] In the current year, Randa Merchandising Incorporated sold its interest in a chain of wholesale outlets, taking the company completely out of the wholesaling business. The company still operates its retail outlets. A listing of the major sections of an income statement follows. cate where each of the following income-related items for this company appears on its current year income statement by selecting appropriate section in the drop down beside each item. [The following information applies to the questions displayed below.] In the current year, Randa Merchandising Incorporated sold its interest in a chain of wholesale outlets, taking the company completely out of the wholesaling business. The company still operates its retail outlets. A listing of the major sections of an income statement follows. ndicate where each of the following income-related items for this company appears on its current year income statement by selecting he appropriate section in the drop down beside each item
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