Match the Costs That Might Be Included as Part of the Cost

question 50

Multiple Choice

Match the costs that might be included as part of the cost of inventory to the listed accounting treatment. (Choices may be used more than once.)
-freight costs incurred by the seller to ship goods to its customers

• A)added to inventory cost
• B)subtracted from inventory cost
• C)not an inventory cost

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Definitions:

Human Capital Perspective

Viewing employees as assets whose value can be enhanced through investment in education, training, and health improvements.

Invest

Putting money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit.

Resources-Based View

A strategic framework that emphasizes the importance of internal capabilities and resources in gaining competitive advantage.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, often through unique resources, capabilities, or positioning.