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H3Ko H3Ko
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6 years ago
Which of the following correctly describes the accounting for administrative expenses of a manufacturing company?
A) Administrative expenses are product costs and are expensed as incurred.
B) Administrative expenses are period costs and are expensed as incurred.
C) Administrative expenses are period costs and are expensed when the manufactured product is sold.
D) Administrative expenses are product costs and are expensed when the manufactured product is sold.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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H3Ko Author
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#2
6 years ago
I just realized you had posted this! Thanks so much
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