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A company does not hold any opening or closing inventories. Which of the following statement is true? Profits will be: a) higher if absorption costing
A company does not hold any opening or closing inventories. Which of the following statement is true? Profits will be: a) higher if absorption costing is used b) the same if either absorption costing or marginal costing were used c) higher if marginal costing is used d) lower if marginal costing is used
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