Which of the Following Statements About Capital Budgeting Post-Audits Is/are

question 96

Multiple Choice

Which of the following statements about capital budgeting post-audits is/are true?
i.The post-audit can be used to detect desirable projects that were rejected
ii.The post-audit can be used to detect undesirable projects that were accepted.
iii.A post-audit may reveal shortcomings in the cash-flow projections process.

• A) i and ii
• B) ii and iii
• C) i
• D) All of the given Answers

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Definitions:

Capital Account Balance

The net result of public and private international investments flowing in and out of a country, representing changes in national ownership of assets.

Partnership Capital

Represents the total equity or interest that partners have in a partnership, which can be changed through additional contributions or withdrawals.

Admit May

A term that appears to refer to the acceptance or permission granted in the month of May, but without a specific context, its exact meaning may vary.

Goodwill Method

An accounting technique used to record the excess of purchase price over the book value of acquired assets during a business acquisition.