Chapter 5, Problem 5.4BE

Identify each of the earnings items as primarily permanent or transitory in nature.

Item	Permanent or Transitory?
Selling expenses	____________________
Sales salaries expense	____________________
Unrealized loss on available-for-sale bonds	____________________
Interest income	____________________
Depreciation expense	____________________
Amortization expense	____________________
Interest expense	____________________
Loss on asset impairment	____________________
Loss on sale of discontinued operations before tax	____________________
Gam due to flood damage	____________________
Sales	____________________
Gain on disposal of plant assets	____________________
Office supplies expense	____________________
Advertising expense	____________________
Office salaries expense	____________________
Gam on trading investments	____________________
Cost of goods sold	____________________