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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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9 years ago
Which of the following statement is true of costs of normal and abnormal spoilage?
A) Costs of normal spoilage are shown as an asset in a balance sheet; however, abnormal spoilage costs are shown as liabilities in a balance sheet.
B) Costs of abnormal spoilage are shown as an asset in a balance sheet; however, normal spoilage costs are shown as liabilities in a balance sheet.
C) Costs  of abnormal spoilage are separately accounted for as losses of the accounting period in which they are detected.
D) Costs of normal spoilage are separately accounted for as losses of the accounting period in which they are detected.
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
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cyborgcyborg
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9 years ago
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jerico Author
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#2
9 years ago
I can confidently say that it looks and sounds right lol Thank you Slight Smile Give this man a thumbs up.
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#3
9 years ago
Cool! No problem.
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