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    Exam 20: Inventory Management and Variable and Absorption Costing
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    When Comparing Income Statements, Which Type of Company Does Not
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When Comparing Income Statements, Which Type of Company Does Not

Question 74

Question 74

Multiple Choice

When comparing income statements, which type of company does not have a section for cost of goods or services sold?


A) Manufacturing firm
B) Service firm
C) Merchandising firm
D) All of these have a cost of goods or services sold section

Correct Answer:

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