Which of the Following Statements Is True of Costs Associated

question 33

Multiple Choice

Which of the following statements is true of costs associated with goods for sale?

• A) Information-gathering technology increases the reliability and timeliness of inventory information and increases the costs related to inventory.
• B) Opportunity costs are not recorded in financial accounting systems because they are not a significant component in several cost categories.
• C) Purchasing costs include incoming freight costs and are reduced by discounts
• D) Opportunity costs are recorded in financial accounting systems but are a not significant component in several cost categories.