Ask Question
BusinessBusiness
10 December, 01:33

Service companies accumulate information about the cost of services provided, and they report those costs in an inventory account.

+5
Answers (1)
  1. 10 December, 04:57
    0
    FALSE

    Explanation:

    Service providers do not gather information on the value of the services provided, and that they do not disclose such expenses in an inventory statement. Service companies collect information but are unable to detail exactly what data they are gathering, the factors they are collecting it and their data collection policies.

    therefore the answer for this statement is FALSE.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Service companies accumulate information about the cost of services provided, and they report those costs in an inventory account. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is the best example of amortization? 30 yr mortgage 48 month car loan 15 yr student loan all of the above
Answers (1)
Managers should be held responsible for only those cost, revenues, or assets over which they have substantial control. a) true b) false
Answers (1)
Ryan's shoe store sells a variety of shoes. his "active shoes" campaign is reaching the daily budget cap by the early afternoon. what should ryan do to get more traffic for his products?
Answers (1)
Real-Balances Effect Household Expectations Interest-Rate Effect Personal Income Tax Rates Profit Expectations National Incomes Abroad Government Spending Answer the question based on the accompanying list of factors that are related to the
Answers (1)
Monique is the operations manager of a chain of hair salons in upscale urban neighborhoods. Customers in these neighborhoods expect high quality services and products, and Monique is struggling to use the salon's resources efficiently and
Answers (1)
New Questions in Business
A country that has multinational corporations is most likely to be
Answers (2)
If a tree grew more than 3 feet during the year, how much more likely is it that the tree was at most 50 yards from the river?
Answers (2)
An HP-10BII can solve problems with up to 15 beginning-of-year cash flows when there are no consecutive equal cash flows. True / False.
Answers (1)
Do you think we need to prioritize wants? why
Answers (1)
When the auditors discover an overstatement of accounts payable, they would most likely also expect to find an overstatement of:?
Answers (1)
Home » Business » Service companies accumulate information about the cost of services provided, and they report those costs in an inventory account.
Sign Up Forgot Password?