2A4H “ECONOMIC COSTS” OFTEN DIFFER FROM COSTS SHOWN IN A FIRM’S FINAN...
106.
CSO: 2A4h
LOS: 2A4h
“Economic costs” often differ from costs shown in a firm’s financial statements. For a
corporation, a major difference would arise due to
a.
interest costs.
b.
salary and wage costs.
c.
opportunity costs.
d.
state and local tax costs.