Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. historic cost is defined as a cost already incurre

Historic cost is defined as a cost already incurred while opportuniy cost is defined as...

90.2K

Verified Solution

Question

Accounting

Historic cost is defined as a cost already incurred while opportuniy cost is defined as the value of an opportunity forgone. Is the above statement true or false?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Calculate Percent Yield: Palm oil was used for the creation of soap. The mass of the...

Chemistry
Q

Exercise 10-69 (Algorithmic) Stock Dividends Penguin Company has the following information regarding its common stock: Its common stock is...

Advance Math
Q

(a) What positively impacts your persistence, confidence, and/or enjoyment in any class? Why?(b) What can...

Basic Math
Q

To find the extremities of an ellipse Select one O a b c O d...

Calculus
Q

2 of...

Accounting
Q

At the beginning of 2022, Laminate Corporation began offering a 1-year warranty on its products....

Accounting
Q

A risk manager is preparing a compliance report for the board of directors. What is...

Accounting
Q

Great Corporation acquired a 90% interest in SOS Corporation at its $810,000 book value on...

Accounting
Q

Cramer Company sold five-year, 8% bonds on October 1, 2016. The face amount of the...

Accounting
Q

Which of the following is NOT a feature of trading securities? Dividends received are recognized...

Accounting
Q

[The following information applies to the questions displayed below.] Kubin Company's relevant range of production...

Accounting
Q

Canyon Dental Services is a specialized dental practice whose only service is filling cavities. Canyon...

Accounting