Click to watch the Tell Me More Learning Objective 5 video and then answer the questions below. 1. Which of the following items does a service company not have on its financial statements? a. Expenses b. Long-term debt c. Cost of goods sold d. Sales revenue 2. Common activity bases used by an airline are the number of and the number of a. airline seats; passengers b. passengers; miles flown c. airline seats; miles flown d. None of the above