::$!$ : $56$

$(202222430146)$

$()119\text{'}{25}^{\text{'}\text{'}}$

$\frac{14}{40}$

$$

$40200\mathrm{.}0$

$14.(5\mathrm{.}0)$ Which of the following statements is true of the capital expenditures budget?

A It is a part of the financial budget.

B It must be completed after the budgeted income statement is prepared.

C It must be completed before the cash budget is prepared.

D It includes the sales budget.

$$