Direction: The following items consist of two statements, Statement I and Statement II. You are to examine these two statements carefully and select the answer to these items using the codes given below. Statement I Overcapitalisation is desirable. Statement II Undercapitalisation is more desirable. Codes

Question

TuteeHUB · Accepted Answer

Statement I is correct, but Statement II is incorrect

TuteeHUB · Answer

Both statements are correct

TuteeHUB · Answer

Both statements are incorrect

TuteeHUB · Answer

Statement I is incorrect, but Statement II is correct

1.	Direction: The following items consist of two statements, Statement I and Statement II. You are to examine these two statements carefully and select the answer to these items using the codes given below. Statement I Overcapitalisation is desirable. Statement II Undercapitalisation is more desirable. Codes
A.	Both statements are correct
B.	Both statements are incorrect
C.	Statement I is correct, but Statement II is incorrect
D.	Statement I is incorrect, but Statement II is correct
Answer» C. Statement I is correct, but Statement II is incorrect

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