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Q. |
When the abnormal has a scrape value the net cost of abnormal loss (cost of abnormal loss minus its scrap value) is then transferred as a cost to the cost accounting income statement at the end of the accounting period. |
A. | The above statement is correct |
B. | The above statement is incorrect |
C. | none |
D. | none |
Answer» A. The above statement is correct |
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