What can generally be found on the income statements of both a manufacturer and a service organization?
A) cash
B) cost of goods sold
C) accumulated amortization
D) selling and administrative expenses

Question

Quizplus · Accepted Answer

Selling and administrative expenses are common to both manufacturers and service organizations as they both incur costs related to selling their products or services and managing their operations.

What Can Generally Be Found on the Income Statements of Both