Which of the following cost amounts can be found in a firm's accounting records?
A) opportunity costs
B) differential costs
C) incremental costs
D) sunk costs

Question

Quizplus · Accepted Answer

Sunk costs can be found in a firm's accounting records as they refer to costs that have already been incurred and cannot be recovered. Opportunity costs, differential costs, and incremental costs are all future costs and are not recorded in the accounting records until they have been incurred.

Which of the Following Cost Amounts Can Be Found in a Firm's