Select the correct statement regarding relevant costs and revenues.

Name: Select the correct statement regarding relevant costs and revenues.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Relevant costs and revenues are those that differ between the alternatives being considered. Option A is incorrect because relevant costs may not necessarily be unavoidable costs. Option B is incorrect because relevant costs can be based on future as well as past experience. Option D is incorrect because not all of the statements are true.

Select the Correct Statement Regarding Relevant Costs and Revenues