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    Cost Accounting Study Set 2
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    Exam 2: Different Costs for Different Purposes
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    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 68

Question 68

Multiple Choice

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


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

Correct Answer:

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