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In the preparation of departmental income statements, the preparer completes the following steps in the...

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Accounting

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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