Which of the following statements is true of costs associated with goods for sale?
◦ Information-gathering technology increases the reliability and timeliness of inventory information and increases the costs related to inventory.
◦ Opportunity costs are not recorded in financial accounting systems because they are not a significant component in several cost categories.
◦ Purchasing costs include incoming freight costs and are reduced by discounts
◦ Opportunity costs are recorded in financial accounting systems but are a not significant component in several cost categories.
True Friendship
Increasing Costs of Natural Disasters
Increasing Costs of Natural Disasters
Benefits and costs of herbicide applications