Which type(s)of companies prepare income statements and balance sheets?
A)Service company
B)Merchandising company
C)Manufacturing company
D)All of these types of companies

Question

Quizplus · Accepted Answer

All three types of companies (service, merchandising, and manufacturing) prepare income statements and balance sheets. The purpose of these financial statements is to provide information about the company's financial performance and position at a specific point in time.

Which Type(s)of Companies Prepare Income Statements and Balance Sheets