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wo accounts that appear on the financial statements of a merchandising company but are not needed by a service company are. O A. inventory and depreciation. B. cost of goods sold and inventory. OC. cost of goods sold and depreciation D. cost of goods sold and net income.

wo accounts that appear on the financial statements of a merchandising company but are not needed by a service company are. O A. inventory and depreciation. B. cost of goods sold and inventory. OC. cost of goods sold and depreciation D. cost of goods sold and net income.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Two accounts that appear on the financial statements of a merchandising company but are not needed by a service company are: A. inventory and depreciation. B. cost of goods sold and inventory. OC. cost of goods sold and depreciation. OD. cost of goods sold and net income. Click to select your answer.
Transcribed Image Text:Two accounts that appear on the financial statements of a merchandising company but are not needed by a service company are: A. inventory and depreciation. B. cost of goods sold and inventory. OC. cost of goods sold and depreciation. OD. cost of goods sold and net income. Click to select your answer.
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