Which of the following statements is correct? A The costs associated with getting products and services ready for sale are known as costs of goods sold. B The matching principle in GAAP requires that we separate conversion costs and overhead. C The matching principle in GAAP requires that we separate selling and administrative costs. D The costs associated with getting products and services ready for sale are known as opportunity costs. E The matching principle in GAAP requires that we separate product costs and period costs.
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Home » Business » Which of the following statements is correct? A The costs associated with getting products and services ready for sale are known as costs of goods sold. B The matching principle in GAAP requires that we separate conversion costs and overhead.