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General Approach Product Costs Inventory Recognized Expenses Period Expenses Paid Period E Q17772640

What is the general approach as to when product costs (such inventory) are recognized as expenses? In the period when the expenses are paid. In the period when the expenses are incurred. In the period when the vendor invoice is received In the period when the related revenue is recognized, Show transcribed image text What is the general approach as to when product costs (such inventory) are recognized as expenses? In the period when the expenses are paid. In the period when the expenses are incurred. In the period when the vendor invoice is received In the period when the related revenue is recognized,
 
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