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On a manufacturing company's income statement, which of the following is true? 1. Direct labor is separately listed as an expense. II. Direct materials is

On a manufacturing company's income statement, which of the following is true? 1. Direct labor is separately listed as an expense. II. Direct materials is separately listed as an expense. Multiple Choice O Neither statement is true. Both statements I and II are true. Only statement I is true. -.. 11 A
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