Q177
The term cost refers to ________.
A.
the present value of future benefits
B.
the value of sacrifice made to acquire goods or services
AnswerC.
an asset that has given benefit but now expired
D.
the price of products sold or services rendered
Answer: Option B
Solution
Answer: Option B
Solution:
The term cost refers to the value of sacrifice made to acquire goods or services. The price of product sold or services rendered.