Distinguish between the income statement of a service company and a merchandising company. Identify at least two critical items of a multistep income statement of a merchandising company that are useful to creditors. Provide a rationale for your response.
SEE ATTACHED TCOB Graduate Studies Discussion Rubric Criteria No Submission 0 points Novice (Criterion is missing or not in evidence) 1-13
SEE ATTACHED TCOB Graduate Studies Discussion Rubric Criteria No Submission 0 points Novice (Criterion is missing or not in evidence) 1-13 points Basic (works towards meeting expectations; performance needs improvement) 14-16 points Proficient (meets expectations; performance is satisfactory) 17-18 points Exemplary (exceeds expectations; performance is outstanding) 19-20 points Support of