Abnormal Spoilage Costs Generally Appear in the External Financial Accounts

question 26

Multiple Choice

Abnormal spoilage costs generally appear in the external financial accounts

• A) on the balance sheet as part of work in process
• B) on the income statement as part of some other item
• C) on the balance sheet as part of finished goods
• D) on the income statement as a line item 'loss on abnormal spoilage'
• E)g. cost of goods sold

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Definitions:

Business

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