The market basket is
a. another term for the cpi.
b. a term used to define consumers in a given market.
c. a representative collection of goods and services.
d. a continuous rise in the price of goods or services combined with the reduced value of money.

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?