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What are the differences between the way costs are handled in financial accounting than in managerial accounting? How are period costs and product costs recorded
- What are thedifferences betweenthe way costs are handled in financial accounting than in managerial accounting?
- How are period costs and product costsrecorded in accounting?
- Wheredo these two different types of costs appear?
- What is the main issue with classifying period costs as product costs?Would it be unethical to classify period costs as product costs in order to report higher earnings for a business?Why or why not?
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Fundamentals of Engineering Economics
Authors: Chan S. Park
3rd edition
978-0132775427
