The ________ characteristic of services makes it difficult for customers to know what a reasonable price should be for a service.
a. intangibility
b. perishability
c. simultaneity of production and consumption
d. Both intangibility and perishability are correct.
e. All of these are correct.
Question 2
Estimation of sales and other income for a period and cash disbursements to be paid in the same period identifies the components of the:
a. balance sheet
b. income statement
c. cash flow statement
d. none of the above.
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