1- _________ cost is called period cost, while _________ cost are called product cost A) Manufacturing - marketing and administrative \ B) marketing and administrative - Manufacturing C) Financial - Managerial D) None of the other answers

2- ________ accounting focuses on reporting financial information to external parties (outsiders) such as investors, government agencies, banks, and suppliers based on Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).

A) Managerial B) Cost C) Financial D) None of the other answers

Please choose the correct answers!