Question
Which of the following statements best describes an indirect cost? A. An indirect cost can be easily and accurately traced to a cost object B.
Which of the following statements best describes an indirect cost?
A. An indirect cost can be easily and accurately traced to a cost object
B. An indirect cost is assigned to a cost object using allocation.
C. It is not important to assign an indirect cost as it can be traced to a cost object.
D. None of these statements are true.
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
