What is the difference between the income statement for a


1. What is the difference between the income statement for a manufacturing firm and the income statement for a service firm?

2. Define selling cost. Give five examples of selling cost.

3. What is the difference between cost of goods manufactured and cost of goods sold?

4. What is ethical behavior? Is it possible to teach ethical behavior in a managerial accounting course?

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Finance Basics: What is the difference between the income statement for a
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