Which of the Following Costing System Has Characteristics of Both

question 39

Multiple Choice

Which of the following costing system has characteristics of both job and process costing?

• A)normal costing.
• B)actual costing
• C)operation costing.
• D)standard costing.

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Definitions:

Net Cash Flow

The difference between a company's cash inflows and outflows within a given period.

Operating Activities

These activities involve the primary, day-to-day operations of a business, such as selling products, providing services, and incurring operating costs.

Financial Statements

Reports that provide an overview of a company's financial condition, including balance sheet, income statement, and cash flow statement.

Indirect Method

A reporting approach used in cash flow statements where net income is adjusted by changes in non-cash accounts to determine cash flow from operating activities.