Explain why past costs are irrelevant.
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Explain why past costs are irrelevant.
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In cost accounting and decisionmaking past costs are often considered irrelevant due to the concept of sunk costs Sunk costs are expenditures that hav...View the full answer
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Related Book For
Accounting Information For Business Decisions
ISBN: 9780170253703
2nd Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
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