Which of the Following Statements Is True

question 19

Multiple Choice

Which of the following statements is true?

• A) Product costs and design costs are interchangeable terms.
• B) Inventoriable costs are assigned to inventories under GAAP.
• C) Manufacturing costs are a special case of period costs.
• D) Intangible costs refer to a particular cost of a product.

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Definitions:

Debit Card

A card that looks like a credit card but works like a check; using it results in a direct, immediate, electronic payment from the cardholder’s checking account to a merchant or third party.