Which of the Following Statements Is False

question 77

Multiple Choice

Which of the following statements is false?

• A) A capital budget lists the projects and investments that a company plans to undertake during the coming year.
• B) Income Tax = EBIT × (1 - τ_c).
• C) When sales of a new product displace sales of an existing product, the situation is often referred to as cannibalization.
• D) Overhead expenses are often allocated to the different business activities for accounting purposes.

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