What is the difference between a sunk cost and an out-of-pocket cost?

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Question Posted: Jun 10, 2016 05:28 AM

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What is the difference between a sunk cost and an out-of-pocket cost?

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A sunk cost is an outlay that has been irrevocably incurred at some time in the past sunk ...View the full answer

Financial and Managerial Accounting the basis for business decisions

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