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Consider the following statements about capital budgeting postaudits: 1. Postaudits can be used to detect desirable projects that were rejected. II. Postaudits can be used

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Consider the following statements about capital budgeting postaudits: 1. Postaudits can be used to detect desirable projects that were rejected. II. Postaudits can be used to detect undesirable projects that were accepted. III. Postaudits may reveal shortcomings in cash-flow projections, providing insights that allow a company to improve future predictions. Which of the above statements is (are) correct? Multiple Choice I only. O II only. O O Ill only O O II and III. I, II, and

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