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Long-Term Expenditures Are Usually More Carefully Planned Than Short-Term Outlays

Question 7

Short Answer

Long-term expenditures are usually more carefully planned than short-term outlays because
they represent a binding commitment of company funds that continues long into the future.
they are usually sold at high-profit margins.
they can be used to pay off accounts payable.
the expenditures must finance items that are easily liquidated.
all of these.

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they represent a bin...

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