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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 47
Fill in each of the blanks below with the correct term.
1. A ________ arises from a past decision and cannot be avoided or changed; it is irrelevant to future decisions.
2. ________ refer to the incremental revenue generated from taking one particular action over another.
3. Relevant costs are also known as ________.
4. An________ requires a future outlay of cash and is relevant for current and future decision making.
5. An ________ is the potential benefit lost by taking a specific action when two or more alternative choices are available.
1. A ________ arises from a past decision and cannot be avoided or changed; it is irrelevant to future decisions.
2. ________ refer to the incremental revenue generated from taking one particular action over another.
3. Relevant costs are also known as ________.
4. An________ requires a future outlay of cash and is relevant for current and future decision making.
5. An ________ is the potential benefit lost by taking a specific action when two or more alternative choices are available.
Explanation
Verified
Verified
Decision making
Decision making is base...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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