Distinguish between the income statement of a service company and a merchandising company. Identify at least two critical items of a multistep income statement of a merchandising company that are useful to creditors. Provide a rationale for your response.
Description Nu 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Start
Description Nu 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Start time 45345.96491 45345.99245 45346.65394 45346.70299 45355.71772 45357.44588 45375.85509 45448.70963 45448.71138 45478.22778 45478.28995 45478.3823 45478.44244 45478.90816 2/14/24 21:15:20 45478.39215 45509.10808 45509.40318 45509.56303 45509.57269