Question: Which statement is correct? 1. The COS-format applies allocations in order to assign expenses to cost categories. 2. The NoE-format records expenses based on its

Which statement is correct?

1. The COS-format applies allocations in order to assign expenses to cost categories.

2. The NoE-format records expenses based on its function for the entity.

3. The NoE-format uses cost allocations in order to assign expenses to cost objects.

4. The NoE-format records expenses based on characteristics and not along its function.

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