FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Select the incorrect statement regarding postaudits of capital investment decisions.
A. The postaudit helps management determine whether a project that had been accepted should have been rejected.
B. The goal of a postaudit is to provide feedback that can be used to improve the accuracy of future capital investment decisions.
C. A postaudit is only necessary for a capital investment selected using a technique that does not consider the time value of money.
D. A postaudit should be conducted at the end of the project.
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