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  3. Study Set
    Managerial Accounting
  4. Exam
    Exam 2: Basic Managerial Accounting Concepts
  5. Question
    As Costs Are Used Up in the Production of Revenues
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As Costs Are Used Up in the Production of Revenues

Question 197

Question 197

True/False

As costs are used up in the production of revenues, they are said to expire.Expired costs are called expenses.

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