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While evaluating a project using net income figures, you must:
A. add back depreciation.
B. none of these answers.
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D. subtract all non-cash net expenses.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
In capital budgeting, annual cash flows, not accounting income, are used to evaluate a project. Hence, you must add back all non-cash net expenses, defined as total non-cash expenses - total non-cash revenues.
You must also ignore financing costs.

NEW QUESTION: 2
With respect to the Income Tax Structure in Singapore, if the income of an individual is below______________ the tax rate is 0%.
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Answer: B

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B. NetBIOS name
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