A real estate company started the exploration of buying a piece of land for condos.The company bought the land and started breaking ground.The housing market crashed,and the amount spent may not be recovered completely.What do we call the costs involved with the development of the land?
A) An opportunity cost.
B) A sunk cost.
C) An incremental cost
D) A financing cost
Correct Answer:
Verified
Q2: A company is considering taking over a
Q3: Incremental cash flows are of primary interest
Q4: Which of the following is NOT relevant
Q7: Which of the following should be ignored
Q8: Which of the following would NOT be
Q8: A pharmaceutical company has discovered a new
Q10: Which of the following should be accounted
Q15: Which of the following statements is correct?
A)Investment
Q19: Which of the following is NOT an
Q20: A Canadian oil company is considering whether
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents