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Which of the following statements is true regarding opportunity cost? Opportunity cost is representative of actual dollar outlay. Opportunity cost is recorded in the accounts
Which of the following statements is true regarding opportunity cost?
Opportunity cost is representative of actual dollar outlay.
Opportunity cost is recorded in the accounts of an organization that has full costing syst
Idle space that has no alternative use has an opportunity cost of zero.
The potential benefit is not sacrificed when selecting an alternative.
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