The area of accounting concerned with the effect of alternative courses of action on revenues...
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Accounting
The area of accounting concerned with the effect of alternative courses of action on revenues and costs is called:
Group of answer choices
gross profit analysis
capital investment analysis
differential analysis
cost-volume-profit analysis
Flag question: Question 2Question 210 pts
Costs that have been incurred in the past but are no longer relevant to decision-making are:
Group of answer choices
relevant
sunk
differential
discontinued
Flag question: Question 3Question 310 pts
The amount of income that is forgone from the best available alternative to the proposed use of cash or its equivalent is called:
Group of answer choices
sunk cost
opportunity cost
differential cost
opportunity revenue
Flag question: Question 4Question 410 pts
In deciding whether to replace fixed assets, the book values of the fixed assets being replaced are sunk costs and are irrelevant.
Group of answer choices
True
False
Flag question: Question 5Question 510 pts
The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative is called opportunity cost.
Group of answer choices
True
False
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