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    Management Accounting Study Set 4
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    Exam 2: Management Accounting: Cost Terms and Concepts
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    Which of the Following Statements Is True? a Cost Is
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Which of the Following Statements Is True? a Cost Is

Question 76

Question 76

Multiple Choice

Which of the following statements is true? A cost is:


A) always an expense.
B) always an asset.
C) can be either an expense or an asset.
D) always a liability.

Correct Answer:

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