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Unformatted text preview: aintenance, depreciation of factory plant & equipment, factory rent, factory insurance II. Financial Accounting A. Provide info to outside users • Shareholders • Creditors • Government B. Reports past performance C. Verifiability/objectivity D. Precise effort; time/effort E. Report at top level of corporation F. GAAP G. Mandatory III. What is cost? • Depends on question & context A. Costs used to prepare financial statements – manufacturing company 1. Product Cost & Period Cost...
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This note was uploaded on 08/25/2010 for the course ACCT 208 taught by Professor Kingery during the Spring '08 term at University of Delaware.
- Spring '08