Which of the Following Statement/s Is/are Correct

question 1

Multiple Choice

Which of the following statement/s is/are correct?

• A) Absorption costing is required by the Australian accounting standards.
• B) Variable costing records are more useful than absorption costing records for management decision making.
• C) Firms that are required to comply with the accounting standards are likely to use variable costing if the benefits of keeping a second set of records exceed the costs.
• D) All of the given answers.

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Definitions:

Judged

Evaluated or formed an opinion about something or someone based on evidence, criteria, or standards.

Dress

Clothing worn by individuals, which can vary based on culture, occasion, or personal preference.

Body Movement

The physical motions or gestures used to convey messages or emotions in non-verbal communication.

Unintentional Message

An unintentional message is a communication that conveys a meaning or sentiment not deliberately intended by the sender, often leading to misunderstandings.