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1-What is the significance of the long run? 2-Classify the following costs as explicit or implicit. Explain your answer IBM spent 1 billion on advertising
1-What is the significance of the long run?
2-Classify the following costs as explicit or implicit. Explain your answer
- IBM spent 1 billion on advertising expenditure
- Jim who owns a trucking business, spends four hours every weekend cleaning his trucks
- Alice used 50 percent of her savings to start her fashion business.
- BHP paid interest on company issued bonds
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
