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Jocelyn Robinson
on Nov 12, 2024

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When comparing a retail business to a service business, the financial statement that changes the most is the

A) balance sheet
B) income statement
C) statement of owner's equity
D) statement of cash flows

Retail Business

A business that sells goods or services directly to consumers for personal or household use.

Service Business

is a type of business that provides intangible products or services to consumers instead of physical goods.

Financial Statement

A comprehensive report detailing a company's financial performance, position, and cash flows over a specific period.

  • Comprehend the fundamental distinctions between merchandising and service enterprises regarding their financial reports.
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CK
Caden KonkleNov 18, 2024
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