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It is not important for a company to distinguish between cost incurrence and locked-in costs. Do you agree? Explain. A. Yes, both costs are easy
"It is not important for a company to distinguish between cost incurrence and locked-in costs." Do you agree? Explain.
A. Yes, both costs are easy to alter or reduce so there is no need to distinguish between them.
B. No, because it is difficult to alter or reduce costs that have already been locked in so you need to distinguish between them.
C. No, because the costs are presented differently in the income statement so you must distinguish between them.
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