Opportunity costs should be included as cash outflows when determining a project's incremental cash flows

Indicate whether the statement is true or false

TRUE

Business

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The journal entry to replenish a petty cash fund includes a debit to the Petty Cash account and a credit to the Expense account

Indicate whether the statement is true or false

Business

Which of the following conditions would enable higher market share to produce higher profits?

A) when unit costs drop as market share increases B) when unit costs increase as market share increases C) when production volume drops as market share increases D) when production volume remains unaltered as market share increases E) when the company fails to break even

Business