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LilyRae
LilyRae from gavalin
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Discussion Question 1


Find the financial statements of a service company and of a merchandising company at
http://highered.mcgrawhill.com/sites/0072512431/student_view0/chapter1/text_company_links.html

What items appear on the merchandising company statements that don’t appear on the service company statements? Why is there a difference?



What companies did you choose?
 
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Posted by:
tony121599
tony121599 from lehman
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$1.00 Answer to Discussion Question 1

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  • Posted on Oct 28, 2008 at 8:06:31PM
A:
Preview: ... hen you buy something it is an expense even if you still owe the money and when you sell something it is income even if you didn't get them money yet so you have payables and receivables.
Items that would appear on merchandising statements and not on services rendered statemen ...

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