Select the correct statement regarding relevant costs and revenues.
A) Relevant costs are also known as unavoidable costs.
B) Relevant costs are only those that are based on past experience.
C) Relevant revenues must differ between the alternatives.
D) All of the above.

Question

Quizplus · Accepted Answer

Two primary characteristics distinguish relevant from useless information.Specifically,relevant information (1)differs among the alternatives and (2)is future-oriented.Relevant costs are frequently called avoidable costs.

Select the Correct Statement Regarding Relevant Costs and Revenues