ACC 1O1/102/202
ACC/FIN/110.
Accounting
CPA 2026/2027 BUSINESS
, Accounting 212 Chapter 6 -
Relevant Information for
special decisions Exam
questions with correct answers
2026/2027 Edition Graded A+
relevant information - ✅✅information that can influence a decision;
it is timely and has predictive and/or feedback value
The two primary characteristics distinguish relevant form useless info -
✅✅1. Relevant info differs among the alternative under
consideration
. Relevant information is future oriented
sunk cost - ✅✅A cost that has already been incurred and that
cannot be changed by any decision made now or in the future.
opportunity cost - ✅✅Cost of the next best alternative use of
money, time, or resources when one choice is made rather than
another
ACC/FIN/110.
Accounting
CPA 2026/2027 BUSINESS
, Accounting 212 Chapter 6 -
Relevant Information for
special decisions Exam
questions with correct answers
2026/2027 Edition Graded A+
relevant information - ✅✅information that can influence a decision;
it is timely and has predictive and/or feedback value
The two primary characteristics distinguish relevant form useless info -
✅✅1. Relevant info differs among the alternative under
consideration
. Relevant information is future oriented
sunk cost - ✅✅A cost that has already been incurred and that
cannot be changed by any decision made now or in the future.
opportunity cost - ✅✅Cost of the next best alternative use of
money, time, or resources when one choice is made rather than
another
