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Discussion Question #1: Your friend has not studied accounting. You tell him about this chapter you are studying and that there are so many ways

Discussion Question #1: Your friend has not studied accounting. You tell him about this chapter you are studying and that there are so many ways to classify costs. He says that "Costs are costs; they are just the amounts spent in the business. How many ways can you categorize them and why does it make a difference anyway." Respond to his comment

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