Statement regarding costs and expenses

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Reference no: EM131212038

Select the incorrect statement regarding costs and expenses. ?

A. Some costs are initially recorded as expenses while others are initially recorded as assets. ?

B. Expenses are incurred when assets are used to generate revenue. ?

C. Manufacturing-related costs are initially recorded as expenses. ??

D. Non-manufacturing costs should be expensed in the period in which they are incurred.

Reference no: EM131212038

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