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Which of the Following Statement(s)is (Are)correct? I

Question 117

Multiple Choice

Which of the following statement(s) is (are) correct? I.It is easy to distinguish the balance sheet of a company that uses a process costing system from that of a company that uses job-order costing
II) A process costing system requires a Work in Process account for each processing department,while a job-order costing system uses a single Work in Process account
III) Process costing systems use multiple Finished Goods Inventory accounts


A) I only
B) II only
C) II and III
D) I, II, and III

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