The owner of a small software company felt his accounting system was useless. He stated, Ac-counting
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a. Are historical costs useless in rapidly changing environments?
b. Should accounting systems be limited to historical costs?
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a Historical costs are of limited use in making planning decisions in a rapidly ...View the full answer
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Related Book For 
Accounting for Decision Making and Control
ISBN: 978-0078025747
8th edition
Authors: Jerold Zimmerman
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