The balance sheet of a service company has:
A)little or no inventory.
B)raw materials inventory.
C)three categories of inventory.
D)two categories of inventory.

Name: The balance sheet of a service company has: A)little or no inventory. B)raw materials inventory. C)three categories of inventory. D)two categories of inventory.
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Question

Quizplus · Accepted Answer

Service companies primarily offer intangible services rather than physical goods, therefore they typically do not hold inventory or have minimal inventory.

The Balance Sheet of a Service Company Has