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The following amounts $($considered material$)$ require analysis to indicate the appropriate financial statement classification.

operation.

Total amount of cash and credit sales for the period.

A client suffered a casualty loss $($a fire$)$ amounting to $$500,000.$

Gain on sale of a business component resulting in a strategic shift.

A client company paid $$175,000$ damages assessed by the courts as a result of an injury to a customer on

the company premises three years earlier.

A client sold a fixed asset and reported a gain of $$70,000.$

Cost of goods sold for the period.

The major supplier of raw materials to a client company experienced a prolonged strike. As a result, the

client company reported a loss of $$150,000.$ This is the first such loss; however, the client has three major

suppliers, and strikes are not unusual in those industries.

A client owns several large blocks of common stock of other corporations. The shares have been held for a

number of years and are viewed as a long$-$term investment. During the past year, $20\%$ of the stock was sold

to meet an unusual cash demand. Additional sales of the stock are not anticipated.

Selling expenses.

Cash dividends declared and paid.

Restructuring charges $($considered unusual and infrequent$)$

Gain due to a foreign currency translation adjustment.

Rent collected on office space temporarily leased.

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