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2. What is meant by Discretional Cost? Give just 1 example to support your answer! According to your understanding, whether this type of cost can

2. What is meant by Discretional Cost? Give just 1 example to support your answer! According to your understanding, whether this type of cost can be planned (budgeted)?

3. Explain in detail what activities are involved in making a Cash Flow Statement! (Give just 1 example to support your answer for each activity)

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