For each of the transactions listed in 1 through 5 below, indicate whether it involves a deferral (D) or an accrual (A) by placing the letter of the correct response in the space provided.
Definitions:
Cost of Goods Sold
The total cost of manufacturing or purchasing the products a company has sold during a specific period.
Return Ratio
A measure of the profitability or effectiveness of an investment, calculating how much returns are gained relative to the investment's cost.
Common Stockholders' Equity
The portion of a company's equity that is attributable to the holders of its common stock.
Leverage
The use of debt to increase the return on an investment.
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