One of the main decisions that have to be made before a fixed asset has to be acquired is to determine whether to pay cash or to leverage the asset which means paying principle and interest. True False 4 Question 34 Because a business accounts for its inventory on a perpetual basis means that the business does not have to count the inventory at year end. True False Question 35 One of the criticisms of static budgeting is that once the period is over, the budget has to revert to a flexible budget Thue