Which of the following statements is not true under U.S. GAAP? a. Product costs increase...
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Accounting
Which of the following statements is not true under U.S. GAAP? a. Product costs increase the inventory account. b. Product costs include freight costs on goods purchased. c. Theoretically, product costs include buying costs and storage costs although in practice these costs are often times expensed. d. Product costs include freight costs to ship goods to customers. e. All of the above are true.
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