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Which of the following is a disadvantage of using the average accounting return (AAR) rule for capital budgeting? It is difficult to calculate. It is

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Which of the following is a disadvantage of using the average accounting return (AAR) rule for capital budgeting? It is difficult to calculate. It is not based on market value. The information needed to calculate AAR is difficult to obtain. It is biased against long-term projects. It is biased towards liquidity

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