The post-audit is a simple process in which actual results of capital budgeting analyses are compared with forecasted results and only discrepancies that result from factors that are completely under management's control are evaluated further.
Answer the following statement true (T) or false (F)
False
Post-audit involves comparing actual results with those predicted by the project's sponsors and explaining why any differences occurred. See 9-1: Importance of Capital Budgeting
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The establishment of fairness and consistency in how employees are treated is ______.
a. procedural justice b. servant leadership c. universalism d. relativism
The franchise agreement may specify whether the premises for the business must be leased or purchased outright
Indicate whether the statement is true or false
The design of an organization should provide for communication in four distinct directions. What are these directions?
What will be an ideal response?
Several years ago, Nipher paid $70,000 to purchase equipment to use in its business. This year, it sold the equipment for $76,500. Accumulated MACRS depreciation through date of sale was $18,000. Determine the amount and character of Nipher's gain recognized.
A. $18,000 ordinary gain and $6,500 capital gain B. $18,000 ordinary gain and $6,500 Section 1231 gain C. $24,500 Section 1231 gain D. $24,500 ordinary gain