On the income statement, a merchandiser would normally give a single sales figure (the sum of all its individual sales account) because
A) companies do not want competitors to know the details of operating results.
B) merchandisers only have one product available for sale.
C) perpetual inventory systems cannot separate various sales items.
D) it is too time consuming to separate all individual sales terms.

Question

Quizplus · Accepted Answer

Companies often consolidate sales figures on the income statement to avoid disclosing detailed information that could be advantageous to competitors. This practice helps in maintaining competitive advantage by keeping specific operating results, like which products are most profitable, confidential.

On the Income Statement, a Merchandiser Would Normally Give a Single