1. Suppose your organization is considering a major investment in new machinery. What kind of quantitative analysis would you prepare in order to assist management in making this decision?
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2. Suppose you are involved in selecting accounting principles for the purposes of preparing annual financial statements, if acceptable accounting principles provide for a choice among alternatives for accounting for a given item (e.g. inventory), briefly discuss the criteria you would use in order to choose the accounting measurement you would recommend.
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