The income statements for both a merchandiser and manufacturer would include which of the following?
A)Operating expenses
B)Direct labor incurred
C)Direct materials used
D)Cost of goods manufactured

Question

Quizplus · Accepted Answer

Operating expenses are included in the income statements of both merchandisers and manufacturers, as they relate to the costs of operating the business outside of the direct production of goods.

The Income Statements for Both a Merchandiser and Manufacturer Would