All of the Following Are Examples of Business Service Providers

question 9

Multiple Choice

All of the following are examples of business service providers EXCEPT:

• A)ad agencies.
• B)equipment manufacturers.
• C)marketing research firms.
• D)accounting agencies.

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Definitions:

Purchase of Merchandise

The acquisition of goods for resale, typically recorded as an inventory asset until the goods are sold.

Operating Activities

Refers to the primary activities that constitute the main revenue-producing activities of an organization, such as sales of goods or services.

Indirect Method

A financial reporting approach used for creating cash flow statements, where net income is adjusted for changes in balance sheet accounts to calculate cash flow from operating activities.