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Which of the following statements is true?

Which of the following statements is true?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Time left 0:19:0 Which of the following statements is true? O a. None of the given answers is correct. O b. Activity based costing (ABC) can be used for external reporting. O c. Traditional costing can be used for internal reporting. O d. Acompany can either choose Activity-based costing (ABC) or the traditional costing system to allocate its costs for external reporting. O e. Activity based costing can only be used in manufacturing companies
Transcribed Image Text:Time left 0:19:0 Which of the following statements is true? O a. None of the given answers is correct. O b. Activity based costing (ABC) can be used for external reporting. O c. Traditional costing can be used for internal reporting. O d. Acompany can either choose Activity-based costing (ABC) or the traditional costing system to allocate its costs for external reporting. O e. Activity based costing can only be used in manufacturing companies
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