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Concerning Cost Data,which of the Following Is False

Question 34

Multiple Choice

Concerning cost data,which of the following is false?


A) Cost information is stored in several tables.
B) Standard cost is stored as an attribute of the Inventory table because it is the same for all units of a given inventory item for a fiscal year.
C) In contrast, the actual cost of inventory is stored in a relationship table because prices can vary over time.
D) Actual cost can be stored as an attribute of the Inventory table for organizations that value inventory based on the most recent amount paid.

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