Accounting rules consider the direct financial impact on businesses of operations, but these direct impacts...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Accounting rules consider the direct financial impact on businesses of operations, but these direct impacts do not encompass all of the impacts operations have. The same is the case for inventory costing and cost categorization. Consider if external costs should be included in the automobile production we looked at in this chapter. What costs do you think should be included as inventory in car production that do not fall in the descriptions we have seen thus far?
For full credit, please post a minimum of three external costs that you believe are not normally accounted for by automobile manufacturing businesses. Be specific, just saying pollution will not suffice. You need to post suggestions as to how each cost might be measured. You must also respond to two other posts with statements regarding how you would account for the costs proposed.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
