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Consider the following statements: (i)Relevant costs must relate to the objectives of a business. (ii)Relevant costs include both historic and future opportunity costs. (iii)Relevant costs
Consider the following statements:
(i)Relevant costs must relate to the objectives of a business.
(ii)Relevant costs include both historic and future opportunity costs.
(iii)Relevant costs vary withthedecisionmaking.
Which of the above statements is/are correct?
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