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Which One of the Following Is NOT a Necessary Step

question 144

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Which one of the following is NOT a necessary step in preparing a production cost report?


Definitions:

Net Sales

Total sales revenue less returns, allowances, and discounts.

Percentage Increase

A measure of the degree to which a quantity has grown compared to its previous value, expressed as a percentage.

Horizontal Analysis

Amounts of items compared on the same line of comparative financial reports. Horizontal analysis can also be in the form of a trend analysis.

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