If a post-audit shows that the actual cash inflows for a project are lower than the estimates
Question:
If a post-audit shows that the actual cash inflows for a project are lower than the estimates used to originally determine a project's net present value, does this mean that the manager who prepared the estimates inflated them to make the project look better? Why or why not?
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Not necessarily It is important to remember that estimates used to ca...View the full answer
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Related Book For 
Managerial Accounting
ISBN: 9781260193275
12th Canadian Edition
Authors: Ray H. Garrison, Alan Webb, Theresa Libby
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