Huffingtonman6045 Huffingtonman6045
  • 13-01-2021
  • Business
contestada

Businesses that sell services rather than tangible items don't have a line for _____ on their statements.

Respuesta :

jepessoa
jepessoa jepessoa
  • 14-01-2021

Answer:

cost of goods sold (COGS)

Explanation:

Generally service businesses do not include cost of goods sold in their income statement. Cost of goods sold (COGS) is calculated when a business sells goods (= ending inventory + purchases - beginning inventory), but when you only sell services, what COGS can you have?

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