All of the following are capital investment decisions except:
A. buying a $4,125,000 manufacturing plant.
B. paying $545,000 to renovate a restaurant.
C. acquiring $450,000 of common stock.
D. purchasing equipment for $44,000.
Answer: C
You might also like to view...
Declining profitability and liquidity ratios are indications that a company may not survive
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
APB Statement 4 was in agreement with ASOBAT that financial statements should be oriented toward a limited group of users.
Bank customers are considered creditors of the bank so the bank shows their accounts with credit balances on the bank's records
Indicate whether the statement is true or false
Alia, a supervisor, gives Andrew a good rating in his performance appraisal because during the week prior to the appraisal, Andrew was punctual and completed his tasks on time. Alia's appraisal of Andrew can be best explained by
A. the bandwagon effect. B. the recency syndrome. C. proximity bias. D. hindsight bias.