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Author Question: Which of the following statements is correct? (Read 18 times)

urmomsucks

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on: Aug 21, 2022
Which of the following statements is correct?
◦ The overhead charged to inventory at the balance sheet date can be understated if the salaries of administrative personnel are inadvertently or intentionally charged to indirect manufacturing overhead.
◦ When jobs are billed on a cost-plus basis, revenue and total expenses are both affected by charging labor to incorrect jobs.
◦ Payroll is a significant portion of inventory for retail and service industry companies.
◦ The valuation of inventory is affected if the direct labor cost of individual employees is improperly charged to the wrong job or process.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by urmomsucks on Aug 21, 2022

reason44

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Reply #1 on: Aug 21, 2022
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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urmomsucks

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Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it

emsimon14

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Reply 3 on: Yesterday
Wow, this really help

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