Which of the Following Statements Is FALSE

question 23

Multiple Choice

Which of the following statements is FALSE?

• A) Product costs are inventoriable costs.
• B) Product costs are automatically deducted as expenses during the current period.
• C) Product costs become expenses when the inventory is sold.
• D) Product costs show up on the income statement in cost of goods sold.

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Definitions:

Gonorrhea

A venereal disease of the reproductive organs, which is highly contagious upon direct contact.

Nitrite

A chemical compound containing the nitrite ion, commonly found in preservatives and used as a diagnostic marker in medicine.

Microorganisms

Tiny living organisms, often microscopic, that can be bacteria, viruses, fungi, or protozoa.

Primary Media

The main form of mass communication considered to be most influential or widely used, such as television, radio, newspapers, or the internet.