The basic cost flow model is:
A)BB + TO = TI + EB
B)BB + TO - TI = EB
C)EB = BB + TI - TO
D)EB - BB = TO - TI
E)EB + TI - TO = BB

Name: The basic cost flow model is: A)BB + TO = TI + EB B)BB + TO - TI = EB C)EB = BB + TI - TO D)EB - BB = TO - TI E)EB + TI - TO = BB
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Question

Quizplus · Accepted Answer

The basic cost flow model equation is EB = BB + TI - TO. This means that the ending balance (EB) is equal to the beginning balance (BB) plus total inflows (TI) minus total outflows (TO). Option C represents this equation correctly.

The Basic Cost Flow Model Is