Which of the Following Is NOT an Example of a Difference

question 142

Multiple Choice

Which of the following is NOT an example of a difference between the income statement of a service organization and the income statement of a manufacturing organization?

• A)A service company will never have work in process.
• B)The service company will not have a finished goods inventory.
• C)Fulfillment costs may be added to cost of goods sold of a service company.
• D)Research and development expenses are not usually a major component of a service organization.

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Definitions:

Deck

A collection of slides compiled for a presentation, or a set of cards used in playing card games.

Independent of Suits

A term often used in card games, meaning the game's outcomes or rules do not depend on the suit of the cards.

Cards

A piece of stiff paper, plastic, or other material, typically rectangular in shape, used for playing games, education, or as tokens.

At Least

A term used in probability and statistics indicating a minimum threshold or the smallest number that is significant in a given context.