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In the preparation of departmental income statements, the preparer completes the following steps in the following order:
Multiple Choice
Identify direct expenses; allocate indirect expenses; allocate service department expenses.
Identify indirect expenses; allocate direct expenses; allocate service department expenses.
Identify service department expenses; allocate direct expenses; allocate indirect expenses.
Identify direct expenses; allocate service department expenses; allocate indirect expenses.
Allocate all expenses.
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