Which of the following is NOT an example of a difference between the income statement of a service organization and the income statement of a manufacturing organization?
A)A service company will never have work in process.
B)The service company will not have a finished goods inventory.
C)Fulfillment costs may be added to cost of goods sold of a service company.
D)Research and development expenses are not usually a major component of a service organization.

Question

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The Answer of Which of the following is NOT an example of a difference between the income statement of a service organization and the income statement of a manufacturing organization?
A)A service company will never have work in process.
B)The service company will not have a finished goods inventory.
C)Fulfillment costs may be added to cost of goods sold of a service company.
D)Research and development expenses are not usually a major component of a service organization.

Which of the Following Is NOT an Example of a Difference