Solved

If a Company Misclassifies a General,selling and Administrative Cost as a Product

Question 89

Multiple Choice

If a company misclassifies a general,selling and administrative cost as a product cost in a period when production exceeds sales:


A) net income will be overstated.
B) total assets will be understated.
C) gross margin will be understated.
D) Both net income will be overstated and gross margin will be understated.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions