Which of the following statements is true with regard to product costs versus general, selling, and administrative costs?
A. Product costs associated with unsold units appear on the income statement as general expenses.
B. Product costs associated with units sold appear on the income statement as cost of goods sold.
C. General, selling, and administrative costs appear on the balance sheet.
D. None of these is true.
Answer: B
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Give an example of interval data that can also be treated as ordinal data and nominal data
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A) An app B) Open-source software C) Cloud-based software D) A web service E) Office software