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Which of the following statements is incorrect? Question 3 options: ...

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Question

Accounting

Which of the following statements is incorrect?

Question 3 options:

1)

Discounted cash flow techniques explicitly recognise the time value of money.

2)

Payback recognises the time value of money.

3)

Accounting rate of return recognises the time value of money.

4)

Payback recognises the time value of money AND accounting rate of return recognises the time value of money.

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