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How does a company know if it is profitable? After reviewing different costing methods, I see how it is possible for net income to yield
How does a company know if it is profitable?
After reviewing different costing methods, I see how it is possible for net income to yield varying profit (loss) outputs depending on the costing method used to make this analysis. If net income is inconsistent between costing methods, how does a company know if they are profitable or if a loss has been incurred?
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