Indicate Whether Each of the Following Statements Is True or False

Short Answer

Indicate whether each of the following statements is true or false: A postaudit should be conducted at the time a capital investment is purchased.______
The postaudit of a capital investment project should be made using the same analytical technique that was used in deciding to make the investment.______
The purpose of postaudits is to improve a company's capital investment decision process.______
The postaudit process uses expected cash flows and the company's cost of capital.______
Making good estimates of future cash flows is important in making capital investment decisions.______