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Statement no. 1: A capital investment decision represents a long-term investment decision. Statement no. 2:...

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Accounting

Statement no. 1: A capital investment decision represents a long-term investment decision.

Statement no. 2: Accounting earnings rather than cash flows is normally used in computing for capital investment decisions.

a.Both statements are true.

b.First statement is true, second statement is false.

c.First statement is false, second statement is true.

d.Both statements are false.

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