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:

Leonard Wood

A United States Army officer who served as the Chief of Staff of the Army, Military Governor of Cuba, and Governor General of the Philippines in the early 20th century.

Cuban Development

The economic, social, and political progress and changes in Cuba, reflecting its history, policies, and international relations.

Santiago Harbor

A significant port located in Santiago, which is the capital of Chile, playing a crucial role in maritime trade.

Frederick Jackson Turner

An American historian known for his "Frontier Thesis," which argued that the American frontier shaped the nation's character and democracy.