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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

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 includes the sales budget.
  • D. It must be completed after the cash budget is prepared.
  • E. It deals with purchase of long-term assets.

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