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    Cost Accounting
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    Exam 2: An Introduction to Cost Terms and Purposes
  5. Question
    The Income Statement of a Service-Sector Firm Reports ________
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The Income Statement of a Service-Sector Firm Reports ________

Question 191

Question 191

Multiple Choice

The income statement of a service-sector firm reports ________.


A) period costs only
B) cost of goods sold
C) both period costs and cost of of goods sold
D) direct labor costs

Correct Answer:

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