3 years ago

When are product costs included on the income statement?

Business

1 answer:

ioda3 years ago

4 0

Answer:

The correct answer is D. When the product is sold and delivered to a customer.

Explanation:

It is recognized at the time of the sale, because the company receives an income as a result of the recovery of its cost plus the established profit margin. When the sale has not been made, it remains within the product inventories until the sale occurs and becomes an operational income.

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3 years ago

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hodyreva [135]

Answer:

c. 8 percent of the labor force is unemployed.

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