The owner of a small software company felt his accounting system was useless. He stated, Ac-counting
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a. Are historical costs useless in rapidly changing environments?
b. Should accounting systems be limited to historical costs?
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a Historical costs are of limited use in making planning decisions in a rapidly ...View the full answer
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Related Book For 
Management Accounting In A Dynamic Environment
ISBN: 9780415839020
1st Edition
Authors: Cheryl S McWatters, Jerold L Zimmerman
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