Which of the Following Costs Is NOT Relevant for Special

question 45

Multiple Choice

Which of the following costs is NOT relevant for special decisions?

• A)incremental costs
• B)sunk costs
• C)avoidable costs
• D)All of the above costs are relevant for special decisions.

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Definitions:

Property

A possession or asset that may be owned by an individual, business, or organization, including tangible items like buildings or land and intangible items like intellectual property.

Statement of Financial Position

A financial statement that shows the assets, liabilities, and equity of a company at a specific point in time.

Statement of Income

A financial report that provides a summary of a company's revenues, expenses, and profits over a specific period, often referred to as the profit and loss statement.