(Answered) 1 what activities are unique to merchandise businesses2 how

Accounting

1. What activities are unique to merchandise businesses?

2. How does management account for the additional task unique to a merchandise operations?

3. What are some of the things that can happen if a company don't keep a track of the merchandise?

4. Accounting differences between and a service and merchandising company.

5. Explain the format of a multi-step income statement. What is the purpose of this statement?

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