Which of the following is not true with regards to relevant costs and relevant revenues?
A) They are sunk costs and historical revenues
B) They are expected costs and expected revenues
C) They occur in the future
D) The differ among alternative courses of action

Question

Quizplus · Accepted Answer

Relevant costs and relevant revenues are not sunk costs and historical revenues. Rather, they are future costs and revenues that differ among alternative courses of action and are used in decision-making processes. Sunk costs are costs that have already been incurred and cannot be recovered, while historical revenues are revenues that have already been earned in the past.

Which of the Following Is Not True with Regards to Relevant