Question
Select the correct statement regarding relevant costs and revenues. a. Avoidable costs are also known as sunk costs. b. To be relevant, a cost or
Select the correct statement regarding relevant costs and revenues.
| a. | Avoidable costs are also known as sunk costs. | |
| b. | To be relevant, a cost or revenue must be future-oriented and must differ between the alternatives. | |
| c. | Sunk costs are relevant for decision-making purposes. | |
| d. | Differential revenues are expected future revenues that do not vary between the alternatives under consideration. |
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Principles Of Financial Accounting
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st Edition
0077525264, 978-0077525262
