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    Business
  3. Study Set
    CFIN
  4. Exam
    Exam 10: Project Cash Flows and Risk
  5. Question
    Capital Budgeting Decisions Must Be Based on the Accounting Income
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Capital Budgeting Decisions Must Be Based on the Accounting Income

Question 25

Question 25

True/False

Capital budgeting decisions must be based on the accounting income the project generates since stockholders are concerned with the reported net income the firm generates.

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