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Author Question: Which of the following statements is true of process costing? (Read 51 times)

humphriesbr@me.com

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on: Mar 6, 2021
Which of the following statements is true of process costing?
◦ In the period of rising prices, weighted-average process-costing method will result in higher operating income as compared to FIFO process-costing method.
◦ The operating income and the income tax liability of a company are not affected by the method of process-costing being followed by the company.
◦ In the period of rising prices, weighted-average process-costing method will result in lower cost of goods sold as compared to FIFO process-costing method.
◦ In a period of falling prices, weighted-average process-costing method will result in a higher income tax liability as compared to FIFO process-costing method.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by humphriesbr@me.com on Mar 6, 2021

adf223

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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humphriesbr@me.com

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

tandmlomax84

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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