Multiple Choice
Use the information below to answer the following question(s) .
The top management at Munchie Company, a manufacturer of computer games, is attempting to recover from a flood, which destroyed some of its accounting records. The main computer system was also severely damaged. The following information was salvaged:
-Costs recognized in particular situations that are not recognized by accrual accounting procedures are
A) opportunity costs.
B) imputed costs.
C) cash accounting costs.
D) incremental costs.
E) capital costs.
Correct Answer:

Verified
Correct Answer:
Verified
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