Which of the Following Would Be Primarily a Merchandising Business

question 64

Multiple Choice

Which of the following would be primarily a merchandising business?

• A) Williams Consulting
• B) Rodriguez Department Store
• C) Hester, Attorney at Law
• D) Frerotte Accounting Service

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Definitions:

Telephone Expense

This represents the cost associated with telephone usage and services for a business, classified as an office expense.

Fees Earned

Fees earned refer to the income a company receives from providing services to its clients, typically recorded in the income statement.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in net profit or loss.

Statement Of Owner's Equity

A financial document that shows the changes in the equity of a company over a specific period, reflecting investments, withdrawals, and the net income or loss.