Multiple Select Question

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Which of the following statements are correct regarding inventory capitalization rules?

GAAP rules require businesses to capitalize more costs to inventory for financial reporting purposes than they do for tax purposes.

Under UNICAP rules, businesses capitalize in inventory a portion of the compensation paid to employees in production supporting departments.

Selling, advertising, and research costs, must be allocated to inventory under the UNICAP provisions.

UNICAP rules require businesses to capitalize more costs to inventory for tax purposes than they do for financial reporting.

Under UNICAP, businesses generally capitalize the inventory costs in one period and deduct them in a subsequent period.