Which of the following financial statements is unique to a production-oriented company?
A) Balance sheet
B) Statement of cash flows
C) Income statement
D) Statement of cost of goods manufactured

Question

Quizplus · Accepted Answer

The Statement of Cost of Goods Manufactured is unique to a production-oriented company as it shows the cost of goods produced during a period, including direct materials, direct labor, and overhead costs. This statement is not necessary for non-production-oriented companies. The balance sheet, statement of cash flows, and income statement are commonly used by all types of businesses.

Which of the Following Financial Statements Is Unique to a Production-Oriented