Which of the following statements are true?I. In a manufacturing company, all costs are period...
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Which of the following statements are true?I. In a manufacturing company, all costs are period costs.Il Selling and administrative expenses are period costs under generally accepted accounting principles.Ill. The cost of shipping parts from a supplier is considered a period cost.Multiple ChoiceOnly statement I is true.Only statement Il is true.NextStatements I and Il are true.Statements I and Ill are true.
Which of the following statements are true?I. In a manufacturing company, all costs are period costs.Il Selling and administrative expenses are period costs under generally accepted accounting principles.Ill. The cost of shipping parts from a supplier is considered a period cost.Multiple ChoiceOnly statement I is true.Only statement Il is true.NextStatements I and Il are true.Statements I and Ill are true.
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