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Which of the following statements about Relevant Information is INCORRECT? A. Past (historical) costs may be helpful as a basis for making predictions. And, past
Which of the following statements about Relevant Information is INCORRECT? A. Past (historical) costs may be helpful as a basis for making predictions. And, past
costs themselves are always relevant when making decisions. B. Different alternatives can be compared by examining differences in expected total
future revenues and expected total future costs. C. Not all expected future revenues and expected future costs are relevant. D. Appropriate weight must be given to qualitative factors and quantitative nonfinancial
factors.
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