Category Archives for Introduction

Income Statements for Merchandising Companies and Cost of Goods Sold

Introduction
/ By Kristin
/ 6 COMMENTS

Merchandising companies sell products but do not make them. Therefore, these companies will have cost of goods sold but the calculation is much easier than for a manufacturing company. Expenses for a merchandising

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Cost of Goods Sold and The Income Statement for Manufacturing Companies

Introduction
/ By Kristin
/ 10 COMMENTS

Manufacturing companies are companies that make a product. Because these companies have inventory in various stages of production, there are three inventory accounts that we must deal with in order to

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