Shinji Takahashi claims that the distinction between direct and indirect materials is based entirely on physical association

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Shinji Takahashi claims that the distinction between direct and indirect materials is based entirely on physical association with the product. Is Shinji correct? Why?

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Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

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