Which of the Following Statements Concerning the Cash Budget Is

question 18

Multiple Choice

Which of the following statements concerning the cash budget is true?

• A)Depreciation expense is not explicitly included, but depreciation effects are implicitly included in estimated tax payments.
• B)Cash budgets do not include financial expenses such as interest and dividend payments.
• C)Cash budgets do not include cash inflows from long-term sources such as bond issues.
• D)Answers a and b above.
• E)Answers a and c above.

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