Question: PLEASE SOLVE THESE 3 QUISTIONS :) TAKE YOUR TIME C 3. (a) How do the components of revenues and expenses differ between merchandising and service

PLEASE SOLVE THESE 3 QUISTIONS :) TAKE YOUR TIME C 3. (a) How do the components of revenues and expenses differ between merchandising and service companies? (b) Explain the income measurement process in a merchandising company. How does income measurement differ between a merchandising and a service company? 5. When is cost of goods sold determined in a perpetual inventory system

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