FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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14. Expenses other than cost of goods sold, that are incurred in the entihy's C. major line of business are called: a. merchandising expenses b. servicing expenses c. other expenses d. operating expenses d. 20. A dis a. b. 15. Which one of the following is not a difference between a retail business and С. a service business? d. a. in what is sold b. the inclusion of gross profit in the income statement c. accounting equation d. merchandise inventory included in the balance sheet
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Transcribed Image Text:14. Expenses other than cost of goods sold, that are incurred in the entihy's C. major line of business are called: a. merchandising expenses b. servicing expenses c. other expenses d. operating expenses d. 20. A dis a. b. 15. Which one of the following is not a difference between a retail business and С. a service business? d. a. in what is sold b. the inclusion of gross profit in the income statement c. accounting equation d. merchandise inventory included in the balance sheet
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