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jerico jerico
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9 years ago
Which of the following statements is true of process costing?
A) In the period of rising prices, weighted-average process-costing method will result in higher operating income as compared to FIFO process-costing method.
B) The operating income and the tax payments of a company are not affected by the method of process-costing being followed by the company.
C) In the period of rising prices, weighted-average process-costing method will result in lower cost of goods sold as compared to FIFO process-costing method.
D) In a period of falling prices, weighted-average process-costing method will increase tax payments as compared to FIFO process-costing method.
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Cost Accounting

Cost Accounting


Edition: 14th
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wrote...
9 years ago
D
jerico Author
wrote...
9 years ago
I can confidently say that it looks and sounds right lol Thank you Slight Smile Give this man a thumbs up.
wrote...
9 years ago
Sweet, you're welcome.
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