Sunk costs are ignored in decision making but information about sunk costs are usually found in the financial statements and accounting records. Opportunity costs however are not included in the financial statements of companies. Explain this.
Sunk costs are ignored in decision making but information about sunk costs are usually found in the financial statements and accounting records. Opportunity costs however are not included in the financial statements of companies. Explain this.
Accounting Information Systems
10th Edition
ISBN:9781337619202
Author:Hall, James A.
Publisher:Hall, James A.
Chapter7: The Conversion Cycle
Section: Chapter Questions
Problem 9MCQ: Which of the following statements regarding traditional accounting is true? a. Traditional...
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Sunk costs are ignored in decision making but information about sunk costs are usually found in the financial statements and accounting records. Opportunity costs however are not included in the financial statements of companies. Explain this.
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