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Product costs: Multiple Choice O Are expenditures necessary and integral to finished products. O Are expenditures identified more with a time period rather than with
Product costs: Multiple Choice O Are expenditures necessary and integral to finished products. O Are expenditures identified more with a time period rather than with units of product. O Include selling and administrative expenses. O Are expensed on the income statement when incurred. O Are moved to the income statement for any unsold inventory at the end of the year. Internal users of financial information: Multiple Choice Are not directly involved in operating a company. O Are those individuals involved in managing and operating the company. Include shareholders and lenders. Include directors and customers. Include suppliers, regulators, and the press
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