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    Cornerstones of Cost Accounting Study Set 1
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    Exam 2: Basic Cost Management Concepts
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    The Income Statement Prepared for External Reporting Is
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The Income Statement Prepared for External Reporting Is

Question 148

Question 148

Multiple Choice

The income statement prepared for external reporting is


A) based on a functional classification.
B) referred to as absorption-costing income.
C) called full-costing income.
D) all of these.

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