5. Cost of goods soldA only appears on merchandising companies' income statementsb. only appears on manufacturing companies' income statements.C. appears on both manufacturing and merchandising companies incomestatements.d. is caloulated exactly the same for merchandising and manufacturingcompanies.

Financial statements are statements which states the business activities performed by the company .…

5. Cont of goods wold Amly appears on menchandising companies' income statements h mly appears on manufacturing companies income statements Cpoan oe beth mamufacturing and tatements a. is calouluted exactly the companies thandising compenier income f mchandising and manlacturing

5. Cont of goods wold Amly appears on menchandising companies' income statements h mly appears on manufacturing companies income statements Cpoan oe beth mamufacturing and tatements a. is calouluted exactly the companies thandising compenier income f mchandising and manlacturing

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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Question

5. Cost of goods sold
A only appears on merchandising companies' income statements
b. only appears on manufacturing companies' income statements.
C. appears on both manufacturing and merchandising companies income
statements.
d. is caloulated exactly the same for merchandising and manufacturing
companies.

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