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20 October, 14:17

Cost of goods sold Select one: a. is calculated exactly the same for merchandising and manufacturing companies. b. only appears on manufacturing companies' income statements. c. only appears on merchandising companies' income statements. d. appears on both manufacturing and merchandising companies' income statements

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  1. 20 October, 14:45
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    the correct answer is option D

    Explanation:

    cost of good sold is means the direct cost attributed to the production of the gods sold by the company.

    Cost of the good is appears on both the manufacturing and merchandising companies income statements.

    so, option C and D is eliminated because both of them pays goods cost.

    hence, the most suitable answer is option D
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Home » Business » Cost of goods sold Select one: a. is calculated exactly the same for merchandising and manufacturing companies. b. only appears on manufacturing companies' income statements. c. only appears on merchandising companies' income statements. d.
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