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    Cost and Management Accounting (CMA)
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    Exam 5: Costing and Process Costing
  5. Question
    When Actual Loss Is Less Than the Estimated Loss, the Difference
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When Actual Loss Is Less Than the Estimated Loss, the Difference

Question 8

Question 8

Multiple Choice

When actual loss is less than the estimated loss, the difference between the two is considered to be……………


A) abnormal gain
B) abnormal loss
C) normal loss
D) income

Correct Answer:

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