391215Select the incorrect statement regarding postaudits of capital investment decisions.Oa) The goal of a postaudit is to provide feedback that can be used to improvemprovthe accuracy of future capital investment decisions.b) A postaudit is not necessary for a capital investment selected using atechnique that considers the time value of money.c) A postaudit should be conducted at the end of the project.d) The postaudit helps management determine whether a project that had beenaccepted should have been rejected.

The correct answer is: (B) A postaudit is not necessary for a capital investment selected using…

Answered: Select the incorrect statement…

Business

Accounting

Select the incorrect statement regarding postaudits of capital investment decisions.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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12
15
Select the incorrect statement regarding postaudits of capital investment decisions.
Oa) The goal of a postaudit is to provide feedback that can be used to improve
mprov
the accuracy of future capital investment decisions.
b) A postaudit is not necessary for a capital investment selected using a
technique that considers the time value of money.
c) A postaudit should be conducted at the end of the project.
d) The postaudit helps management determine whether a project that had been
accepted should have been rejected.

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