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ACC 561 Week 3 Assignment Practice Quiz.pdf

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ACC 561 Week 3 Assignment Practice Quiz
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Multiple Choice Question 37
A major purpose of cost accounting is to
measure, record, and report product costs.
classify all costs as operating or nonoperating.
measure, record, and report period costs.
provide information to stockholders for investment decisions

Multiple Choice Question 38
The two basic types of cost accounting systems are
job order and process cost systems.
job order and batch systems.
process cost and batch systems.
job order and job accumulation systems.

Multiple Choice Question 39