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What does it mean for something to be "capitalized"? Is a Product cost or a Period cost capitalized?
When something can be assigned to inventory and placed on a balance sheet, it is "capitalized".
Product cost
Product cost
Flashcard info:
Author: savhighsmith
Main topic: Accounting
Topic: Accounting II
School / Univ.: UGA
City: Athens
Published: 06.07.2010