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To Properly Interpret Dual Prices,one Must Know How Costs Were

question 15

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To properly interpret dual prices,one must know how costs were allocated in the objective function.


Definitions:

Trial Balance

A ledger balance sheet summarizing all accounts, showing equal totals for both credit and debit columns.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

General Ledger

A comprehensive record of all financial transactions that occur within a business, sorted by account.

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