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1. The steps in the accounting cycle for a merchandising company are different from the accounting cycle for a service company. Do you agree or

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1. The steps in the accounting cycle for a merchandising company are different from the accounting cycle for a service company. Do you agree or disagree? 2. How do the components of revenues and expenses differ between merchandising and service companies? 3. How does income measurement differ between a merchandising and a service company

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