A service companyA. Only has operating costs that are expensed in the accounting period in which they are incurredB. Usually has Cost of Goods Sold as their biggest expense on its income statementC. Purchases inventory at one price and then sells that inventory to customers at a higher price in order to generate a profitD. Only has product costs and does not have any period costs

A service companyA. Only has operating costs that are expensed in the accounting period in which they are incurredB. Usually has Cost of Goods Sold as their biggest expense on its income statementC. Purchases inventory at one price and then sells that inventory to customers at a higher price in order to generate a profitD. Only has product costs and does not have any period costs

A. Only has operating costs that are expensed in the accounting period in which they are incurred