The difference between a retailing firm and manufacturer

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Reference no: EM131926469

The income statements and balance sheets of service, retailing, and manufacturing businesses tend to differ.

Required:

A. Which of these businesses will disclose a cost-of-goods-sold figure on the income statement? Why?

B. Briefly describe the difference between a retailing firm and manufacturer's disclosure of inventories on the balance sheet.

Reference no: EM131926469

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