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Full Download Cornerstones of Managerial Accounting Canadian 2nd Edition Mowen Test Bank
Full Download Cornerstones of Managerial Accounting Canadian 2nd Edition Mowen Test Bank
https://testbankfan.com/download/cornerstones-of-managerial-accounting-canadian-2
nd-edition-mowen-test-bank/
2. In terms of managerial accounting, which of the following is the best definition of cost?
a. the cash sacrificed for goods expected to bring future benefit to the organization
b. a dollar measure of the cash used to achieve a given benefit
c. the asset incurred to produce future benefits
d. the equivalent of the cost of goods sold
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 32
LEARNING OBJECTIVES: MACC.MOWE.15.2.1 - 2.1
NATIONAL STANDARDS: United States - AACSB Analytic
United States - IMA-Business Economics
KEYWORDS: Bloom's Higher order; differentiating