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    Managerial Accounting Study Set 4
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    Exam 7: Cost-Volume-Profit Analysis, Absorption and Variable Costing
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    For External-Reporting Purposes, Generally Accepted Accounting Principles Require That Net
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For External-Reporting Purposes, Generally Accepted Accounting Principles Require That Net

Question 42

Question 42

Multiple Choice

For external-reporting purposes, generally accepted accounting principles require that net income be based on:


A) absorption costing.
B) variable costing.
C) product costing.
D) throughput costing.
E) activity-based costing.

Correct Answer:

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