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Select the incorrect statement regarding relevant costs and revenues. Multiple Choice Avoidable costs are also known as differential costs. Differential revenues are expected future revenues

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Select the incorrect statement regarding relevant costs and revenues. Multiple Choice Avoidable costs are also known as differential costs. Differential revenues are expected future revenues that differ from past revenues. Sunk costs are never relevant for decision-making purposes. To be relevant, a cost or revenue must be future-oriented and must differ among the alternatives

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