Question
Which of the following statements is NOT a disadvantage of the regular payback method? a. Does not provide any indication regarding a project's liquidity or
Which of the following statements is NOT a disadvantage of the regular payback method?
a. Does not provide any indication regarding a project's liquidity or risk
b. Does not take account of differences in size among projects.
c. Lacks an objective, market-determined benchmark for making decisions
d. Does not directly account for the time value of money
e. Ignores cash flows beyond the payback period.
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
