It is generally true that if production and sales are NOT equal there are income statement differences in terms of operating incomes under absorption costing and variable costing.
Required:
a)Which elements,if any,of the balance sheet are also likely to be different under absorption and variable costing? Explain.

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The Answer of It is generally true that if production and sales are NOT equal there are income statement differences in terms of operating incomes under absorption costing and variable costing.
Required:
a)Which elements,if any,of the balance sheet are also likely to be different under absorption and variable costing? Explain.

It Is Generally True That If Production and Sales Are