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Which of the following is a correct statement Generally Accepted Accounting Principle required to...

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Accounting

  1. Which of the following is a correct statement
    1. Generally Accepted Accounting Principle required to use absorption costing for financial statement preparation and distribution.
    2. Variable costing is usually used for internal decision making.
    3. Fixed costs are costs that remain the same in total dollar amount as the activity based changes.
    4. All of the above
    5. None of the above

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