Cash Flows that occur if and only if a project is accepted are:

Question

Quizplus · Accepted Answer

Incremental cash flows are the cash flows that occur if and only if a project is accepted. They are the difference between the cash flows of accepting the project and the cash flows of not accepting the project. Sunk costs are the costs that have already been incurred and are not relevant to the decision-making process. Terminal costs refer to the cash flows at the end of a project's life, while current cash flows are the cash flows that occur during the life of a project.

Cash Flows That Occur If and Only If a Project