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True or False for the following: a) Target costing assumes that the producer/manufacturer has total control over the market price b) Long term debt is
True or False for the following:
a)Target costing assumes that the producer/manufacturer has total control over the market price
b)Long term debt is part of Owners' Equity
c)Accounting depreciation and income tax depreciation are required by law to be the same
d)Lean manufacturing prohibits the use of target costing.
e)The balance sheet reflects the accounting equation: Assets = Liabilities + Owners' Equity.
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