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In the preparation of cash budgets, capital expenditures are: A) Not included because these items are depreciated B) Included as sources of operating cash C)

In the preparation of cash budgets, capital expenditures are:

A) Not included because these items are depreciated

B) Included as sources of operating cash

C) Included as uses of cash and make the budget lumpy

D) Traditionally offset as a use of cash by interest income

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