For each of the following, indicate whether the item would be reported on the balance sheet (BS), reported on the income statement (IS), or not shown in the financial statements (Not). Also indicate whether it relates to a service company (SC) or merchandising company (MC).

a. Sales Revenue
b. Inventories (Held on Consignment)
c. Cost of Goods Sold
d. Inventories (Out on Consignment)

Which of the following statements accurately describes how costs and benefits are calculated?

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)

Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.