Learn how merchandising companies and service companies have to account for different information when preparing an income statement..
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Do you know what a merchandising company is? If you said it's a store, you are right. It is a store, but it is also so much more. In this lesson, .
Learn how to prepare an income statement in this step-by-step tutorial. An income statement contains information about a company's revenues and expenses and the .
Managerial accounting is just as important in a service company as it is in a manufacturing company or a merchandising company .
Have you ever wondered why the financial statements are so important to a company? In this lesson, you will learn about several financial statement .