Question: Select the correct statement regarding relevant costs and revenues. a. Avoidable costs are also known as sunk costs. b. To be relevant, a cost or

Select the correct statement regarding relevant costs and revenues.

a.

Avoidable costs are also known as sunk costs.
b.

To be relevant, a cost or revenue must be future-oriented and must differ between the alternatives.
c.

Sunk costs are relevant for decision-making purposes.
d.

Differential revenues are expected future revenues that do not vary between the alternatives under consideration.

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