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Question 6 1. Distinguish between product and period costs. [3 Marks] 2. Explain the difference between a merchandising and a manufacturing income statement. [4 Marks]

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Question 6 1. Distinguish between product and period costs. [3 Marks] 2. Explain the difference between a merchandising and a manufacturing income statement. [4 Marks] 3. Explain the difference between a merchandising and a manufacturing balance sheet. [4 Marks]

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