Which of the Following Statement Is True of Costs of Normal

question 79

Multiple Choice

Which of the following statement is true of costs of normal and abnormal spoilage?

• A) Costs of normal spoilage are shown as an asset in a balance sheet; however, abnormal spoilage costs are shown as liabilities in a balance sheet.
• B) Costs of abnormal spoilage are shown as an asset in a balance sheet; however, normal spoilage costs are shown as liabilities in a balance sheet.
• C) Costs of abnormal spoilage are separately accounted for as losses of the accounting period in which they are detected.
• D) Costs of normal spoilage are separately accounted for as losses of the accounting period in which they are detected.

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