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In which context is full (absorption) costing LEAST likely to be used? a.Financial reporting. b.Managerial accounting. c.Income tax returns. d.It must be used in all

In which context is full (absorption) costing LEAST likely to be used?

a.Financial reporting.

b.Managerial accounting.

c.Income tax returns.

d.It must be used in all of the above situations.

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