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Home Q & A Board Other Fields Homework Help Business Accounting
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pattytcakes pattytcakes
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A year ago

Which of the following statements is true?

  1. Allocating common fixed costs to segments on segmented income statements increases the usefulness of such statements.
  2. If a cost must be arbitrarily allocated in order to be assigned to a particular segment, then that cost should be considered a common cost.


▸ Only statement I is true.

▸

Only statement II is true.



▸ Both statements are true.

▸ Neither statement is true.
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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desai.sumeet1desai.sumeet1
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A year ago
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pattytcakes Author
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A year ago
this is exactly what I needed
mcraver1
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Yesterday
Helped a lot
ediblefruitz
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2 hours ago
Thanks
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