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Which of the following is true of service companies?

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Which of the following is true of service companies?

Which of the following is true of service companies?
A) All costs of service companies are product costs.
B) Revenues of service companies are only recorded on cash receipt.
C) Service companies carry no inventories of products for sale.
D) Service companies modify and resell products they buy from manufacturers.

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

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H3Ko Author

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I just realized you had posted this! Thanks so much

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