Author Question: Which of the following is true of historical costs? (Read 35 times)

KimWrice · **on:** Mar 6, 2021

Question 1

Which of the following is not true with regards to relevant costs and relevant revenues?
◦ They are sunk costs and historical revenues
◦ They are expected costs and expected revenues
◦ They occur in the future
◦ The differ among alternative courses of action

Question 2

Which of the following is true of historical costs?
◦ They are useful for making future predictions.
◦ They are relevant for decision making.
◦ They are always accounted as opportunity costs.
◦ They cannot be fixed costs.

efwsefaw · **Reply #1 on:** Mar 6, 2021

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