The main difference between the income statements of a merchandising and a service type business is: A the period covered by the statements. B) the manner by which the revenues are presented. the manner by which expenses are presented. D the computation of net profit.
The main difference between the income statements of a merchandising and a service type business is: A the period covered by the statements. B) the manner by which the revenues are presented. the manner by which expenses are presented. D the computation of net profit.
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 5MC: Which of the following represents the components of the income statement for a manufacturing...
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![The main difference between the income statements of a merchandising and a service type business is:
A) the period covered by the statements.
the manner by which the revenues are presented.
the manner by which expenses are presented.
D the computation of net profit.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd8f3b58e-575e-4eac-9d53-769b1810178c%2F568e1f69-8152-4c02-b666-6a3c54c633c2%2Fytqalu4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The main difference between the income statements of a merchandising and a service type business is:
A) the period covered by the statements.
the manner by which the revenues are presented.
the manner by which expenses are presented.
D the computation of net profit.
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