Answered: Classify the following organization’s…

Classify the following organization’s as professional service firms, mass service entities or service shops. In each case, explain the reason for your classification.

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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Classify the following organization’s as professional service firms, mass service entities or service shops. In each case, explain the reason for your classification.

Bicycle repair workshop
Financial planning practice
Airline company

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