What are some examples on the types of costs that the accounting systems might not record but companies do consider?
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What are some examples on the types of costs that the accounting systems might not record but companies do consider?
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- Which of the following is NOT a period cost? Select one: O a. manufacturing costs. Ob general and administrative costs. Oc marketing costs. Od. research and development costs. Which of the following is NOT one of the questions management accountants might attempt to help answer in the formulation of strategy? Select one: a. What substitute products exist in the marketplace? Ob. Who are our most important customers? Does the strategy comply with GAAP (Generally Accepted Accounting Principles)? Od. Will adequate cash be available to implement the strategy?Which of the following would not be a period cost? Group of answer choices Sales commissions. Accounting costs. Sales salaries. Tamper-proof packaging. Legal costs.What are some of the possible costs that could result from a revision of an accounting standard?
- Why is the Modified Accelerated Cost Recovery System not generally accepted for financial accounting purposes?The definition of the cost is the collection of cost data in some organized way by means of an accounting system. Select one: True FalseHow is the accounting cycle different for a merchandising operation, as compared to a service business? How do the asset, revenue and expense accounts differ?
