Future Costs That Differ Across Alternatives Are Referred to As

question 31

Multiple Choice

Future costs that differ across alternatives are referred to as:

• A)sunk costs.
• B)relevant costs.
• C)marginal costs.
• D)period costs.

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Definitions:

Income Taxes Payable

The sum of income tax that a corporation is liable to pay to the government but has not paid so far.

Cash Payments

Transactions involving the transfer of cash from one entity to another as a form of compensation or settlement.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for a fixed asset since it was put into use.

Statement of Cash Flows Worksheet

A tool used to analyze and summarize the changes in cash and cash equivalents of a business during a specific reporting period through operational, investing, and financing activities.