Answered: Name an “economic cost” that is omitted…

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Accounting

Name an “economic cost” that is omitted from the accounting income statements that should be of interest to management.

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter3: The General Journal And The General Ledger

Section: Chapter Questions

Problem 7E: Determine the effect of the following errors on a companys total revenue, total expenses, and net...

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5. Name an “economic cost” that is omitted from the accounting income statements that should be of interest to management.

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The origin of management accounting is due to limitations of Financial accounting and cost accounting . a . False O b . True
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