The Most Difficult, and Often Unreliable, Part of a Cost

question 7

Multiple Choice

The most difficult, and often unreliable, part of a cost benefit analysis is usually:

• A)estimating the dollar value of benefits
• B)estimating the dollar value of direct costs
• C)estimating the costs to program participants
• D)determining the costs of ongoing programs

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Definitions:

Accounts Receivable

Unpaid amounts due to a company from its clients for delivered or utilized goods or services awaiting payment.

Land

It refers to the earth's surface extending downward to the center and upward to infinity, including permanently attached natural objects, and is considered a non-depreciable asset in accounting.

Journalizing

The process of recording transactions in the journal in chronological order, marking the first step in the accounting cycle.

Posting

The process of transferring journal entries to their respective accounts in the ledger.