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A cost that is represented by lost opportunity in the use of a company's own resources, excluding cash is called:

 

1.     Historical Cost

2.     Deferred Cost

3.     Implicit Cost

4.     Sunk Cost

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Question added by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date Posted: 2015/06/15
Tranquilino Jr Rivera
by Tranquilino Jr Rivera , General Accountant , Enany Group of Companies

Answer is Option3. Implicit Cost.

Nagoorammal Abdul Rahman
by Nagoorammal Abdul Rahman , Finance Manager , Vox Spectrum Limited

answer is Implicit cost.............................................

Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Yes Option3 is the right answer.

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Answer C is the correct answer Thank you

Shazia Anees
by Shazia Anees , Assistant Manager Finance , Arham Trading Company

3.     Implicit Cost=============

Ajay Dutt
by Ajay Dutt , Senior Accountant , Concept Zone Group of Companies

Implicit cost.......................

lakshminarasimham mallareddi
by lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Correct Answer is3.Implicit Cost is a cost that is represented by lost opportunity in the use of a Company's own resources, excluding cash

shohra haroon
by shohra haroon , Financial Analyst , Greater Amman Municipality

A cost is called Sunk cost

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