Solved

Which of the Following Statements Is True of Costs Associated

Question 3

Multiple Choice
Which of the following statements is true of costs associated with goods for sale?
A) Information-gathering technology increases the reliability and timeliness of inventory information and increases the costs related to inventory.
B) Opportunity costs are not recorded in financial accounting systems because they are not a significant component in several cost categories.
C) Purchasing costs include incoming freight costs and are reduced by discounts
D) Opportunity costs are recorded in financial accounting systems but are a not significant component in several cost categories.

Which of the following statements is true of costs associated with goods for sale?


A) Information-gathering technology increases the reliability and timeliness of inventory information and increases the costs related to inventory.
B) Opportunity costs are not recorded in financial accounting systems because they are not a significant component in several cost categories.
C) Purchasing costs include incoming freight costs and are reduced by discounts
D) Opportunity costs are recorded in financial accounting systems but are a not significant component in several cost categories.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents