Question Content Area

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?

1. Expenses
2. Long-term debt
3. Cost of goods sold
4. Sales revenue

2. Common activity bases used by an airline are the number of __________ and the number of __________.

1. airline seats; passengers
2. passengers; miles flown
3. airline seats; miles flown
4. None of the above