What does the statement costs can be assets or expenses mean?

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What does the statement “costs can be assets or expenses” mean?

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Fundamental Managerial Accounting Concepts

ISBN: 978-0078110894

6th Edition

Authors: Edmonds, Tsay, olds

Question Posted: Dec 04, 2011 09:36 AM

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What does the statement costs can be assets or expenses mean?

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Costs are assets used in the process of earning revenue but not all costs of the ea...View the full answer

Fundamental Managerial Accounting Concepts

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