QUESTIONS 69 THROUGH 78 RELATE TO CORPORATE FINANCE

77. - MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
77. Which of the following statements is the most appropriate treatment of floatation costs for capital budgeting purposes? Floatation costs should be: A. expensed in the current period. B. incorporated into the estimated cost of capital. C. deducted as one of the project’s initial-period cash flows.