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Business, 26.11.2019 00:31 jgandarilla21

Which of the following statements about the reporting of variances is not true?

a. variances may be reported on an income statement prepared for management's use.

b. variances are reported to external financial statement users.

c. managers receive information on all variances.

d. if variances are insignificant, they will be transferred to cost of goods sold.

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Which of the following statements about the reporting of variances is not true?

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