Relevant costs: Relevant costs are those costs in any managerial decision-making process that will influence the flow of capital in the future. Hence, such costs decide whether the decision is taken forward or rejected. To identify: The correct statement from the given statements.

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Chapter 23, Problem 4MCQ

To determine

Relevant costs:

Relevant costs are those costs in any managerial decision-making process that will influence the flow of capital in the future. Hence, such costs decide whether the decision is taken forward or rejected.

To identify: The correct statement from the given statements.

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