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Procter and Gamble Buys Unprocessed Logs Which Are Handled as Little

Question 53

Multiple Choice

Procter and Gamble buys unprocessed logs which are handled as little as needed to move them to its plant. Eventually, they become part of P and G's disposable diapers and are considered an expense item on P and G's income statement. For P and G, logs are:


A) farm products.
B) supplies.
C) component parts.
D) component materials.
E) raw materials.

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