Product costs appear on the balance sheet:
A. only if goods are partially completed at the end of the period.
B. only if goods are unsold at the end of a period.
C. only if goods are partially completed or are unsold at the end of a period.
D. only in merchandising firms.
Answer:C
Product costs appear on the balance sheet:
A. only if goods are partially completed at the end of the period. B. only if goods are unsold at the end of a period. C. only if goods are partially completed or are unsold at the end of a period. D. only in merchandising firms.