Relevant information refers to ________ that will differ among the alternative courses of action.
A) future costs only
B) future revenues only
C) past costs and revenues
D) future costs and revenues

Question

Quizplus · Accepted Answer

Relevant information refers to future costs and revenues that will differ among the alternative courses of action. Past costs and revenues are not relevant because they cannot be changed by the decision being considered. Similarly, considering only future costs or only future revenues may not give a complete picture of the consequences of each alternative. Therefore, the best choice is to consider both future costs and future revenues when evaluating alternative courses of action.

Relevant Information Refers to ________ That Will Differ Among the Alternative