If a project's payback period is greater than the maximum ...

[gbarreiro]

If a project's payback period is greater than the maximum acceptable payback period, we would accept it.
 
  Indicate whether the statement is true or false

Question 2

Which of the following is true of cash basis accounting?
 
  A) All credit sales will be recorded as revenue.
  B) Revenue is recognized when a customer pays cash.
  C) Expenses are recognized when they are incurred.
  D) Accounts receivable and accounts payable can never be zero.

[frejo]

Answer to Question 1

FALSE

Answer to Question 2

B