Use the Information for the Question(s)below

question 5

Multiple Choice

Use the information for the question(s) below.

-If WiseGuy Inc is choosing one of the above mutually exclusive projects (Project A or Project B) ,given a discount rate of 8%,which should the company choose?

• A)Project A
• B)Project B
• C)Neither project - both have negative NPV.
• D)Both projects - both have positive NPV.

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Definitions:

Adjusted

Adjusted generally refers to alterations made to financial statements or data to correct for discrepancies or to account for extraordinary events.

Final Trial Balances

Final trial balances are the summary listings of all the ledger accounts right after the closing entries are made at the end of an accounting period, essentially reflecting the balance of every account before the start of a new accounting period.

Adjustments

Modifications made in accounting records to reflect more accurate values or to record transactions not yet entered.

End-of-period Spreadsheet

A document used in accounting that summarizes all accounts and their balances at the end of an accounting period, helping in the preparation of financial statements.