What Is a Difference Between Merchandising Companies and Service Enterprises

question 85

Multiple Choice

What is a difference between merchandising companies and service enterprises?

• A)Merchandising companies must prepare multiple-step income statements and service enterprises must prepare single-step income statements.
• B)Merchandising companies generally have a longer operating cycle than service enterprises.
• C)Cost of goods sold is an expense for service enterprises but not for merchandising companies.
• D)All are these choices are differences.

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