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1. Would a traditional income statement differ depending on whether the business is a service organization, merchandiser, or manufacturer? Explain? 2. Could we use managerial

1. Would a traditional income statement differ depending on whether the business is a service organization, merchandiser, or manufacturer? Explain? 2. Could we use managerial accounting tools to assess the profitability of an organization other than a manufacturing business, or is it related only to manufacturing? 3. If we could use these concepts in service and a merchandising business, how would you go about doing it

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