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1 Consider the following statements concerning costs. When making​ decisions, relevant costs that are not capable of reliable measurement​ should:      1. Rank below those that can be reliably measured.      2. Be weighted by managers using their judgement. Are the above statements true or​ false?         Statement 1 Statement 2 A. False True B. False False C. True True D. True False

1 Consider the following statements concerning costs. When making​ decisions, relevant costs that are not capable of reliable measurement​ should:      1. Rank below those that can be reliably measured.      2. Be weighted by managers using their judgement. Are the above statements true or​ false?         Statement 1 Statement 2 A. False True B. False False C. True True D. True False

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1

Consider the following statements concerning costs.

When making​ decisions, relevant costs that are not capable of reliable measurement​ should:

     1. Rank below those that can be reliably measured.

     2. Be weighted by managers using their judgement.

Are the above statements true or​ false? 

       Statement 1 Statement 2

A. False True

B. False False

C. True True

D. True False

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