Use the Information Below to Answer the Following Question(s)

question 45

Multiple Choice

Use the information below to answer the following question(s) .
The top management at Munchie Company, a manufacturer of computer games, is attempting to recover from a flood, which destroyed some of its accounting records. The main computer system was also severely damaged. The following information was salvaged:

-Costs recognized in particular situations that are not recognized by accrual accounting procedures are

• A) opportunity costs.
• B) imputed costs.
• C) cash accounting costs.
• D) incremental costs.
• E) capital costs.

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