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27. Which of the following is NOT a limitation of the payback rule? A. It is difficult to calculate. B. It does not consider the
27. Which of the following is NOT a limitation of the payback rule? A. It is difficult to calculate. B. It does not consider the time value of money. C. Lacks a decision criterion that is economically based. D. It does not consider cash flows occurring after the payback period. 28. Which of the following best describes why a firm produces financial statements? A. to show the daily activities a firm has undertaken in the previous financial year, and what activities are planned for the near future B. to provide a means for interested outside parties such as creditors to obtain information about a firm, with an overview of the short - and long-term financial condition of a business c. to increase the intrinsic value of a firm D. to use as a tool when planning future investments within a firm
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