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    Cost Accounting
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    Exam 2: An Introduction to Cost Terms and Purposes
  5. Question
    The Income Statement of a Service-Sector Firm Reports ________
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The Income Statement of a Service-Sector Firm Reports ________

Question 156

Question 156

Multiple Choice

The income statement of a service-sector firm reports ________.


A) period costs only
B) inventoriable costs only
C) both period and inventoriable costs
D) direct labor costs

Correct Answer:

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