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The term cost refers to ________
the present value of future benefits
the value of sacrifice made to acquire goods or services
an asset that has given benefit but now expired
the price of products sold or services rendered
Cost is defined as a monetary value of expenditures for services, supplies, raw materials, labor, products, equipment, etc. so we can conculde that cost is the value of sacrifice made to acquire goods or services.
Cost is included in in Price of the product
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