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10. Which of the following statements is true?* (3 Points) The word cost has the same meaning in all situations in which it is used.

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10. Which of the following statements is true?* (3 Points) The word "cost" has the same meaning in all situations in which it is used. All organizations incur the same types of costs. Costs incurred in one year are always meaningful in the following year. Different cost concepts and classifications are used for different purposes. Cost data, once classified and recorded for a specific application are appropriate for use in any application

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