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The term capital budgeting describes how companies: Multiple Choice plan significant investments in projects that have long-term implications. develop annual estimates that are used to

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The term capital budgeting describes how companies: Multiple Choice plan significant investments in projects that have long-term implications. develop annual estimates that are used to create a budgeted income statement and balance sheet. use budgets to evaluate the performance of investment center managers. use activity-based costing to develop product and customer profitability projections

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