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    Multiple choice

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    Ref: Fundamental Managerial Accounting Concepts. Fifth Edition. EDMONDS
    Multiple Questions such as:

    If a company misclassifies a general, selling and administrative cost as a product cost in a period when production exceeds sales
    A) net income will be understated.
    B) total assets will be understated.
    C) cash flow will be unaffected.
    D) All of the above.

    Some Questions already answered.

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    Solution Summary

    The solution explains various multiple choice questions relating to managerial accounting