Which of the following is exclusive 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 exclusive to a production-oriented company as it reflects the costs incurred in manufacturing a product, including direct materials, direct labor, and manufacturing overhead. The other financial statements, such as the balance sheet, statement of cash flows, and income statement, are common to all types of companies.

Which of the Following Is Exclusive to a Production-Oriented Company