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Consider the Following Statements About Capital Budgeting Postaudits

question 2

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Consider the following statements about capital budgeting postaudits:
I. Postaudits can be used to detect desirable projects that were rejected.
II. Postaudits can be used to detect undesirable projects that were accepted.
III. Postaudits may reveal shortcomings in cash-flow projections, providing insights that allow a company to improve future predictions.
Which of the above statements is (are) correct?


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