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  3. Study Set
    Cost Accounting Study Set 1
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    Exam 2: An Introduction to Cost Terms and Purposes
  5. Question
    Costs That Are Initially Recorded as Assets and Expensed When
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Costs That Are Initially Recorded as Assets and Expensed When

Question 120

Question 120

Multiple Choice

Costs that are initially recorded as assets and expensed when sold are called:


A) period costs
B) inventoriable costs
C) variable costs
D) fixed costs

Correct Answer:

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