Which One of the Following Would Appear on the Income

question 59

Multiple Choice

Which one of the following would appear on the income statement of a merchandising company,but not on the income statement of a service company?

• A)Cost of goods sold
• B)Selling and administrative expenses
• C)Net sales
• D)Income tax expense

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Definitions:

Manufacturing-Based Definition

A perspective on quality that emphasizes conformance to specifications and standards during the production process.