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6 Cards in this Set
- Front
- Back
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The area of accounting concerned with the effect of alternative courses of action on revenues and costs |
Differential analysis |
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The amount of increase or decrease in the cost expected from a particular course of action compared with an alternative |
Differential cost |
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The difference between the differential revenue and the differential costs |
Differential income(loss) |
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The amount of increase or decrease in revenue expected from a particular course of action as compared with an alternative |
Differential revenue |
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A cost that is not affected by subsequent decisions |
Sunk cost |
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The amount of income forgone from an alternative to a proposed use of cash or its equivalent |
Opportunity cost |
