Question: The most important difference between a retail operation and a service company on the income statement is: The owners equity is shown differently A service

The most important difference between a retail operation and a service company on the income statement is:

The owners equity is shown differently

A service companys income statement is as of a certain date, not for a period ending

A service company has no Cost of Goods Sold

A retail company includes interest in the operating expense section

There is no difference

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