From a financial statement perspective, which of the following is a correct statement about costs...
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Accounting
From a financial statement perspective, which of the following is a correct statement about costs as reported by a manufacturing company?
a. Two categories of inventory are disclosed on the income statement
b. Manufacturing costs stay on the balance sheet and never move to the income statement
c. Period or non manufacturing costs are recorded on the income statement as incurred
d. Work in process is the only kind of inventory that is recorded on the balance sheet
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