Which of the following could be found on the income statement of a service company?
A) Cost of goods manufactured
B) Manufacturing overhead
C) Rent expense
D) Cost of sales

Question

Quizplus · Accepted Answer

Rent expense is a common expense for service companies and would be found on the income statement. Cost of goods manufactured and manufacturing overhead are related to manufacturing companies, while cost of sales is usually associated with retail or wholesale companies.

Which of the Following Could Be Found on the Income