Managerial Accounting
Managerial Accounting
14th Edition
ISBN: 9781337270595
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Chapter 11, Problem 5DQ
To determine

Identify the reason for which the cash pay back method understates the attractiveness of a project with a large residual value.

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Managerial Accounting

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