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Business, 16.12.2019 18:31 tyguzman88

Average accumulated expenditures:
a. is an approximation of the average debt a firm would have outstanding if it financed all construction through debt.
b. is computed as a simple average if all construction expenditures are made at the end of the period.
c. are irrelevant if the company's total outstanding debt is less than total costs of construction.
d. all of the above are true statements.

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Average accumulated expenditures:
a. is an approximation of the average debt a firm would ha...
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