Master files, spreadsheets, and reports that accumulate material, labor, and overhead as the costs are incurred are

A) accounting systems.
B) storeroom documents.
C) cost accounting records.
D) finished goods inventory records.

C

Business

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The ________ represents the amount of money a seller makes before any expenses are

subtracted. A) net profit B) return of capital C) gross margin amount D) return on capital

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Indicate whether the statement is true or false.

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