Relevant revenues and costs focus on:
A) activities that occurred in the past
B) monies already earned and/or spent
C) last year's net income
D) differences between the alternatives being considered
D
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Ethan paid $3 for a bottle of ThirstAid. Later while on a hiking trip, she was offered $8 for the ThirstAid. Select the correct statement from the following:
A. If Ethan drinks the ThirstAid, no opportunity cost is associated with his decision. B. The $3 original purchase price is irrelevant to his decision to sell the ThirstAid. C. The $8 offer is not relevant if Ethan refuses to sell the ThirstAid. D. All of the above.
Full-service merchant wholesalers are either general merchandise wholesalers or specialty-line wholesalers.
Answer the following statement true (T) or false (F)
Cash received on the sale of equipment would be considered a financing activity on a statement of cash flows
Indicate whether the statement is true or false
Yolanda must include a long table in a report she is preparing on employee Internet use. What advice should she follow when creating the table?
A) Avoid distracting her readers with shading. B) Place the table as close as possible to its text discussion. C) Leave missing data blank. D) Because the emphasis is on the data, avoid the use of headings for each row.