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  • Test Bank Managerial Accounting by Garrison (13e)

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    This document is a test bank for chapter 13 of the textbook Managerial Accounting by Garrison (13th edition). It contains 14 true/false questions that assess students' understanding of relevant costs for decision making. Relevant costs include incremental costs that differ between alternatives, while sunk costs that have already been incurred and do not differ between alternatives are not relevant. While some costs may be relevant for some decisions, the same cost could be irrelevant for other decisions depending on the specific alternatives being considered. The test bank provides answers and identifies which accounting concepts and skills each question targets.

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    This document is a test bank for chapter 13 of the textbook Managerial Accounting by Garrison (13th edition). It contains 14 true/false questions that assess students' understanding of relevant costs for decision making. Relevant costs include incremental costs that differ between alternatives, while sunk costs that have already been incurred and do not differ between alternatives are not relevant. While some costs may be relevant for some decisions, the same cost could be irrelevant for other decisions depending on the specific alternatives being considered. The test bank provides answers and identifies which accounting concepts and skills each question targets.

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    244 views1 page

    Test Bank Managerial Accounting by Garrison (13e)

    Uploaded by

    DengDeng
    This document is a test bank for chapter 13 of the textbook Managerial Accounting by Garrison (13th edition). It contains 14 true/false questions that assess students' understanding of relevant costs for decision making. Relevant costs include incremental costs that differ between alternatives, while sunk costs that have already been incurred and do not differ between alternatives are not relevant. While some costs may be relevant for some decisions, the same cost could be irrelevant for other decisions depending on the specific alternatives being considered. The test bank provides answers and identifies which accounting concepts and skills each question targets.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Test bank Managerial


    Accounting by Garrison (13e)
    Chapter 13
    University
    You are currently viewing a preview
    Đại học Hà Nội The Chapter
    preview contains
    13 14Relevant
    out of 140 pages.
    Costs You for
    need Decision
    a Premium account
    Makingto see the full document.
    Course
    Accounting (KET201 )
    Option 1 Option 2
    Uploaded by True/False Questions
    Pham Quang Huy Share your documents to get free Upgrade to Premium to read the
    Academic year
    Premium 1. Sunk costs are costs that have proven
    access to be unproductive.
    full document
    2019/2020
    Ans: False AACSB: Reflective Thinking AICPA BB: Critical Thinking
    Upload
    AICPA FN: Decision Making; ReportingGetLO:
    a free130 day trial Medium
    Level:
    Helpful? 10 0

    2. All costs are avoidable in a decision except sunk costs and future costs that do not
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    differ between the alternatives at hand.
    Share

    Ans: True AACSB: Reflective Thinking AICPA BB: Critical Thinking


    Comments
    AICPA FN: Decision Making; Reporting LO: 1 Level: Easy
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    3. Consistency demands that a cost that is relevant in one decision be regarded as
    relevant in other decisions as well.
    Oyakhilome • 6 months ago
    great
    Ans: False AACSB: Analytic AICPA BB: Critical Thinking
    AICPA 1FN: out
    Decision
    of 20 Making; Reporting LO: 1 Download
    Level: Medium
    Related documents
    4. A cost may be relevant for one decision making situation
    situation but irrelevant for another
    Help

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